BTC is pulling back to the 120-day bull-bear line, and the market is brewing a historic market

It can be seen that every time BTC reaches the 120-day line, it will become the dividing point between bull and bear, such as the mainstream doubling market in April 2019, the ten-fold spot market in 2020, and the spot plummeted by 90% in 2022, and the inscription market at the beginning of 23. The 120-day line has become an obvious long-short intersection.

In June, BTC fell below the 120-day line and weakened. Referring to the trend in June 23 and 20 years, if BTC can stand at $65,000 in these two weeks, it will quickly rush up to recover the decline and soar straight up.

In turn, the big bear waterfall will be opened, and the two weeks of July are expected to become a turning point for the new trend.

BTC:

BTC: BTC rebounds and tests the high point. With the weakening of long volume, BTC rushes up and falls back, confirming the resistance selling pressure and entering the bottoming market. The small peak keeps decreasing. The upper $62104 is the key point of the resistance line. BTC can only return to the long market after it stands at $62104. Next, BTC will peak and fall back at $62104.

Resistance level: 62104, 63156, 64123

Support level: 60384, 59285, 58436

ETH:

ETH draws a door and probes down along the 5-day line, confirming the top divergence trend. The shorts increase their selling power. The hourly line breaks the triangle convergence trend and enters the bottoming market. The upper $3411 is the key point of the resistance line. ETH needs to break through $3411 in large volume to build a bottom and strengthen, and enter the long upward trend. Next, ETH will fall back at $3411.

Resistance levels: 3411, 3488, 3542

Support levels: 3295, 3228, 3176