In the blink of an eye, more than half of July has passed. The third week is about to end, and the fourth week is about to come. To review briefly, the overall trend of this week is a pattern of bulls regaining lost ground. The trend was strong at the beginning of the week, and it fluctuated and consolidated in the middle of the week and then rushed up again, and consolidated at the end of the week. This time, Bitcoin recovered more than 7,600 points of space, and Ethereum recovered more than 340 points of space. Although there is no lack of news stimulation, it is indeed the case overall. In our layout during the week, Bitcoin has a total of more than 16,000 points of space, and Ethereum has a total of more than 800 points of space. There is only one week left this month. Although there are mistakes this week, the overall judgment is still accurate and obvious. Success is not an overnight thing, but the result of gradual accumulation through continuous efforts. We will continue to work hard in the new week.
From the perspective of the monthly line structure, it is currently in the stage of sideways correction of the price ratio. The pullback at the beginning of the month caused the lower shadow to lengthen, and it rose again at the end of the month. The current closing point is close to the opening point of last month. Although it is still difficult to break through the 70,000 mark, it remains to be seen whether the upper shadow line can be pulled out. The weekly line shows that the positive lines for two consecutive weeks have recovered the retracement space of the previous three weeks, which is closely related to the recent good news and CPI data. With the rise in the price ratio, the market has also risen to a higher position. It may retreat and rest next week to accumulate momentum for breaking through the 70,000 mark. The opening point of next week is very important. The daily line structure shows that the current trend is a step-by-step rise after a small retracement. Although it is strong, the pressure on the upper rail is relatively large. Whether it can rise again requires a large increase in volume to test the pressure level of the upper rail. The four-hour line shows that the market is sideways and oscillating. There may be another increase in volume in the early morning. At that time, the increase in volume of longs and shorts will affect the market next week. From the hourly line, technical indicators show that the increase in volume in the evening is likely to be a large increase in volume by longs. If the closing price is lower, the current market may be corrected next week, and the bulls will accumulate momentum again. If the bulls increase their volume in the evening, the difficulty of breaking through the 70,000 mark next week will be reduced. In summary, we are more inclined to follow a wave of retracement first and then see the bulls increase their volume in the evening to drive the market higher, but if the market continues to fall, the strategy should be adjusted appropriately.
66700-66400 for big cake, with a target of around 68000;Ethereum 3460-3430 to buy, target around 3600. #以太坊ETF批准预期