Director’s 1125th original daily market analysis 2023.7.3
1. Market sentiment:
2. Chart structure:
1、#BTC
#BTC 4H structure:
Looking at the current sideways situation, it is very likely to move towards a 4H center as time goes by.
If the 4H center breaks through 3.15W, then there may be more room for upward movement, and there is a probability that it will reach around 3.4W-3.5W.
Of course, the premise here is to break through and maintain a good upward trend before it is possible to go. Similarly, once this pen leaves, it depends on whether it will diverge from the first pen. Once it diverges, a high-level divergence will occur, and the impact will be relatively large. At that time, it will be a high-level decline.
#BTC 1H structure:
There is basically no change in today’s structure from yesterday’s structure. It has been oscillating all the time, including up and down spikes. Here, I still think the probability of an upward breakthrough is relatively high, and it will mainly oscillate in the upper half of the median line.
If it breaks upward here, it will still be around 3.2W. We may need to wait patiently.
The overall market is still performing relatively well. At least the long period of sideways trading here is beneficial to the bulls.
#ETH 1H structure:
The price has been oscillating on the upper edge of the center. As long as it does not fall below 1910, there will be no major problems overall.
However, the market will go up and down repeatedly. In fact, it is easy to be stopped out in operation, so it is recommended to close the line to stop loss. Recently, the operation is more difficult and easy to be stopped out, so you still need to pay more attention.
Kind tips
Investing is risky. Invest with spare money. Remember to never fully invest and do not take out loans. We only provide information, which does not constitute buying or selling advice. You are free to buy and sell at your own risk.