7.8 The sharp drop in the early trading session is not a good thing. The time for BTC to buy the bottom in the medium and long term has come. ETH is patiently waiting for the extreme rebound.

Bitcoin once again broke down with short-selling and fell to around 54,200. In the 1-hour view, the Bollinger Bands opened and ran downward. Focus on the previous lowest support level around 53,500. As long as the pin does not break too much, it is possible to form a V-shaped reversal trend. The morning callback is an opportunity to lay out the medium and long term. The expectation of breaking through the support is not great. After the second test forms the secondary low point, it will reverse and pull up.

Ethereum has a downward pin at 2822. It is currently moving down along the middle track. The lower track happens to be the support level of 2800. From the Fibonacci retracement line, it is just at the perfect long position of 61.8%. The short volume is released again. Now is the opportunity to buy the bottom. Friends who want to lay out, I suggest that you enter the market decisively at the current price.

BTC operation suggestions:

Go long when the price falls back to 54000-54500, target 58000-60000, stop loss 53500 when it breaks 62000

ETH operation suggestions:

Go long when the price falls back to 2800-2830, target 3030-3150, stop loss 2750 when it breaks 3300

If you don’t understand the technology, don’t know how to read the market, don’t know when to enter the market, don’t know how to stop loss, don’t know when to take profit, randomly add positions, buy at the bottom and get trapped, can’t keep profits, and can’t catch the market. These are common problems among retail investors. It doesn’t matter. Come to me and I will guide you to think correctly about trading.

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