Insights on the Bitcoin Morning Market on Tuesday, July 16

Investment is a journey of self-cultivation, controlling emotions, resisting greed and fear, and cultivating rationality and calmness. When your heart is strong enough, the road of investment will become wider and wider.

Overnight, the price of Bitcoin rose again. Yesterday morning, the price of the currency rose from the 59,900 area all the way up. As of now, the highest has reached the 64,800 line, and the overall upward space has been 4,900 points. In yesterday's thinking, it was also constantly reminding everyone to go long, and the partners who were consolidating also made a lot of money. As the market continues to rise, there is no intention to stop at all. In terms of operation, you can continue to follow the trend and maintain a low-multiple thinking.

From the current daily level trend, the K line closed positive again and the entity energy is full. The trend has formed a four-day upward posture. The bulls are gradually exerting their strength, and the daily increase is constantly increasing. In the attached indicator, the moving average shows obvious signs of rising. In the four-hour chart, the strong bullish push also makes the current upward channel fully open. The K-line relies on the upper track of the small cycle to rise continuously. The signs of the bullish volume have not changed. There is still a need for further exploration in the subsequent rhythm. In the future market, it is enough to keep low and long around a small retracement!

On Tuesday morning, it is recommended to go long on Bitcoin around 64200-63800, and the target is 65500-66500

On Tuesday morning, it is recommended to go long on Ethereum around 3460-3430, and the target is 3550-3650

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