Insights on the Bitcoin Evening Market on Tuesday, July 2
It is said that time can heal all pains. Those sufferings that were once thought to be unbearable gradually faded away in the long river of time. Time is like a good medicine, slowly heal the wounds of our hearts and give us the courage to face the challenges of life again.
Since the first round of upward movement at the beginning of the week, the price of Bitcoin has been under pressure at a high of 63,800, forming a shock structure in the short term. After giving a bullish idea yesterday, it also closed slightly with a gain of 1,300 points. In the short term, the bulls showed exhaustion, and the rebound has not continued too much. If the high is not broken, then we need to pay attention to the decline of the market.
In the short-term rhythm of the daily trend, there is pressure after a strong upward movement. The high position closed with a long upper shadow line. The bulls were suppressed and fell back. The rebound momentum in the short term is weak, and the market gradually went out of the downward trend. In the 4-hour chart, there has been a turning performance. If the upward movement stops and falls back under pressure, we need to pay attention to the decline of the bears. In terms of operation, we participate with the idea of rebound shorting.
On Tuesday night, it is recommended to short Bitcoin near 63,000, and the target is 62,000-60,500.
On Tuesday night, it is recommended to short Ethereum near 3,480, and the target is 3,350-3,300.
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