On July 8, the interpretation and operation ideas of the intraday trend of the market:
From the current market, the current market has entered the correction stage again, which is the best proof of the subsequent bullish efforts. This also shows that the price ratio is building a new rising platform. It can be seen that the bulls are sufficient in both momentum and form, and will not turn around again to give a deep adjustment, at least not at present. Instead, they will recover after the correction. In the short-term price ratio trend structure, as the support below becomes stronger and stronger, the pressure above will also continue to weaken. The bulls will most likely continue to rise in the future. Although there may be a retracement, we can still think that this is a means of accumulation of bullish momentum, so we can maintain the main long idea to make a layout in the future.
Bitcoin: Support 54,600 US dollars, pressure 59,000 US dollars
Ethereum: Support 2,850 US dollars, pressure 3,100 US dollars
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