Bitcoin is caught in a seesaw battle between long and short positions! Ethereum is the king in the second half of the year? Is it alarmist to say that WLD will unlock the plunge?

Technically, there is an opportunity for an upward rebound in the monthly line of BTC in July. The medium and long-term positions we previously laid out on the left have entered a floating profit state. The next target is 64810~65730! From the 4H trend, Figure A can be regarded as the bottom area (1H rise), and Figure B is the area where the price center of gravity is raised (4H shock consolidation). The suppression above Figure B is still there at this stage, but support has been formed at a small level, so there will be no big drop for the time being. It is mainly to oscillate in the range of 64100~62019, and then pull up after consuming a wave of air forces (there is also the possibility of directly pulling up)!

As long as BTC is above the <main control line> 62019, this theory does not need to change. If there is a retracement, take the opportunity to look at the range of 62019~62430, and at the same time absorb medium and long-term positions. The hard days are over. I am optimistic about July. The days of doing big things are in the second half of the year. Now is the beginning!

The panic index has reached its lowest point in the past year, and it has reached an extremely panic state in the past few days. The continuous panic has caused more people to sell at a loss and leave the market. At present, most people think that the bull market is gone, especially the copycat bull market.

I believe the bull market is still there! Just now, a Bitcoin address that has been dormant for 13 years was activated, containing 33 BTC, worth more than 2 million US dollars. Once a bull market comes, many dormant addresses will be activated, but this rarely happens in a bear market, indicating that most of these addresses are controlled by active players in the currency circle, and they have a precise grasp of the bull and bear laws.

And from the larger scale of Bitcoin's quarterly line, the last quarter line received above the support line, and the new quarterly line has just started, so I think the possibility of a sharp drop in Bitcoin is too small. At present, whether from the macro-positive, policy-positive, or indicators of various dimensions, it shows that the bull market is far from over.

The number and amount of funds of retail investors holding altcoins in this round far exceeds any other period. After a few months of altcoins' big wash, many people are now experiencing an explosion of negative emotions. Everyone feels bad about the decline. I have always said that Ethereum will be the main focus in the second half. Holding Ethereum is my biggest belief at present and it will not waver.