Bitcoin is in urgent need of correction and adjustment, and Mentougou has sent a great assist.

If it doesn't pull back, how can you buy the bottom? Aren't you afraid to open a long position at 67?

Keep: In addition to the short positions of 702 and 686 that I mentioned yesterday. Short long position at 652, stop loss of 300 US dollars.

Everyone should also remember the two important positions of 633 and 623.

If it reaches, you have to bring a stop loss of 400 US dollars.

Pay more attention to Ethereum, Dogecoin, Sol, Sats, Wif, and ENS. Take it down in the initial stage. . #BTC☀ #ETH投资
You can use Bitcoin for guidance.
#以太坊ETF批准预期 #比特币大会 #美国大选如何影响加密产业？
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Accurately grasp the market dynamics and deeply analyze the market psychology.

It is expected that Mentougou will make trouble. Does it need to prove its strength?

Every flourishing flower has experienced the dark waves; every bright and dazzling flower has experienced the wind and rain; every beautiful scenery has experienced sadness. Only those who have experienced it can better understand the power behind everything. #拜登退选 #比特币大会 #以太坊ETF批准预期

Bitcoin price is approaching a new high this year, but altcoins are in a slump. The logic of the currency market has changed. ETFs dominate Bitcoin fluctuations. Will the launch of Ethereum ETFs reproduce Bitcoin history?

Recently, Bitcoin prices have soared, but most altcoins are still standing still. This reflects a fundamental change in the logic of the currency market, and ETFs have become the dominant force in Bitcoin fluctuations. The launch of Ethereum ETFs may replicate Bitcoin's trend, and Grayscale's millions of Ethereum may face selling pressure.

At the same time, old investors have also realized the extreme asymmetry of VC coin costs. VC coins peaked when they were listed, and coupled with the malicious operations of institutions, VC coins were basically abandoned by the market. Against this background, new and old investors began to turn to the relatively fair MEME coin, which has also become a major current situation in the currency market. #拜登退选 #比特币大会 #以太坊ETF批准预期

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Today's highlights: BTC (Bitcoin)
On the four-hour level, it hit above 68,000 points twice, and the current support point is at 66,000 points. #BTC突破7万大关
The effective support point at the intraday level is in the 64,000-64,600 range. This position should be paid attention to during the day. If the pin is inserted near this position, pay attention to the rebound.
Once it falls below this position, you can directly look at the support point in the 62,000-63,000 range. It touched the position above 68,000 points again in the early morning, and the intraday level is mainly based on the resistance near 68,000 points.

ETH (Ethereum):
Now the main focus is on the news of ETFs. According to the trend, it has been consolidating in the 3360-3560 range for a week, consolidating at a high level. This consolidation is similar to the high-level accumulation stage, forming a locked plate. Bitcoin rose but Ethereum did not rise, and Ethereum did not rise even with good news. On the contrary, the altcoin fell, and the market volume was still very poor. #ETH收益
On the intraday level, pay attention to ETH's support range of 3320-3360, and the resistance position remains unchanged at 3560-3600. We should prevent this resistance range today. #拜登退选 #比特币大会 #以太坊ETF批准预期
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7.23 Yitai (ETH) operation suggestions

Entry point 1: 3500, close to the high point of July 22, may face selling pressure test

Entry point 2: 3530, exceeding the resistance area that has been tried many times in recent times and failed to break through. If this price is reached, it may be a good time to reduce some positions#ETH收益

Stop loss point: 3565, slightly higher than the highest price in the recent cycle, providing protection for short selling#拜登退选 #比特币大会 #以太坊ETF批准预期
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SOL evening operation suggestions

Entry point 1: 182.00, this area has been tested many times recently but failed to break through, it can be used as an initial profit-taking point

Entry point 2: 185.00, near the high point reached at 07:00 on July 22, there may be selling pressure, suitable as a further profit-taking point

Stop loss point: 186.50, exceeding the highest point in the recent cycle, giving a certain buffer to the short position to prevent losses caused by unexpected surges ​​​​

It is important to understand that cryptocurrency trading is not simply following the trend, but a battle of mind and strategy. Only with a deep understanding of the market and accurate judgment can you gain a firm foothold in the turbulent cryptocurrency circle and reap rich rewards. #BTC突破7万大关

Investors, stay alert and seize the opportunity.

There is no doubt that the whole month of July is an excellent time to build a position.

Intraday strategy:
BTC directly arranges short orders near 66500, with a stop loss set at 67000 and a target of 65000. #ETH大涨

ETH arranges short orders near 3500, with a stop loss set at 3540 and a target of 3450.

Stay calm and rational, and do not blindly chase the rise and fall. #以太坊ETF批准预期 #币安HODLer空投BANANA

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Short Bitcoin near 65800, cover at 66200, stop loss 66500,
Target 64500-63500#BTC突破7万大关

Short Ethereum near 3470, cover at 3510, stop loss 3550, target
3400-3370 ​​​​ #ETH收益
#以太坊ETF批准预期 #币安HODLer空投BANANA #美国大选如何影响加密产业？
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Technical analysis: BTC
From the daily line, it has been rising for two consecutive days and then falling back to close the negative line. The K line is moving down and is about to step back on the moving average position. #BTC突破7万大关
This trend is in line with the stage adjustment during the rise, the purpose is to reduce the deviation rate, repair the technical gap, and achieve a healthy rise in the market. The 7-day moving average support below the daily line is around 63100, and it may be inserted to around 62750.
As long as the daily closing line does not break 63100, the overall direction is still bullish. At present, it is not possible to determine whether the market will reverse and be bearish. The daily line needs to give a new signal to determine the new direction, and a conservative strategy is temporarily adopted.
The intraday market can refer to the four-hour line trend, which is mainly bearish at high levels. The upper pressure reference is 64150-64650, and the lower support is in the range of 62750-62300.

ETH: It rose and fell yesterday, rebounded in the evening, and closed with a long upper shadow positive line. The overall trend of the daily line needs to be adjusted. #ETH大涨
Focus on whether the daily 7-day moving average 3365 position falls below and closes below, so as to be more confident in short-term bearish.
From the four-hour line, this time the high position of the rise has begun to adjust, and the second wave of decline has been achieved. At present, the 30-day moving average of the four-hour line has obvious support.
In terms of intraday operations, you can keep a high position bearish, with the upper pressure in the 3430-3450 range and the lower support around 3350. #以太坊ETF批准预期 #币安HODLer空投BANANA #美国大选如何影响加密产业？
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If nothing unexpected happens, Ethereum ETF will be officially listed next week. Do you want to ask if this expectation is overdrawn in advance?

There is definitely an overdrawn, but the impact is not great. The important thing is that there will be two bases - Bitcoin and Ethereum, and there will be a steady flow of funds from traditional finance (US stocks).

It doesn't matter if there is one more or one less fluctuation.

Today is still dominated by high altitude.

Morning observation: wif, sats, sol... #WIF逆袭
#以太坊ETF批准预期 #币安HODLer空投BANANA #美国大选如何影响加密产业？
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The bull market is about to reach the stage of altcoin outbreak:

1. Healthy market correction
No currency can continue to rise without a correction. Adjustment is healthy. It lays the foundation for building a strong bull market. In each cycle, BTC will pull back to its previous historical high several times before a strong breakthrough.
Traditional investors sell and new investors buy.
In this process, BTC moves from weak hands to strong hands. This is a very bullish signal! Investors who bought Bitcoin in the 5W and 6W range will not sell at 7.3w, they will hold their BTC for longer, aiming to earn a doubled profit.
Recently, whales have bought a lot!

In July, whales bought a lot of BTC at the fastest rate since April 2023, and now it is only the middle of the month!

2. Market selling pressure is relieved:

Market operation is very simple, the price of an asset is determined by supply and demand.
More buyers than sellers? → Price rises. More sellers than buyers? → Price falls.

In the second quarter, BTC faced huge selling pressure
Bitcoin mining companies. Grayscale and BTC ETF. German government.

Mt. Gox fears increased uncertainty.
These events together led to selling pressure on BTC, and altcoins followed the trend of Bitcoin.

On the bright side, the selling pressure is being alleviated:
Grayscale's selling has slowed significantly. The German government has no BTC. Bitcoin mining companies have almost completed their selling. Mt. Gox will slowly refund creditors in the third quarter, not all at once as everyone thinks.

In the third quarter, there will still be some selling pressure (Mentougou)
But not as much as in the second quarter. Once the market absorbs these BTC and the sellers run out, the price will stabilize.
But just easing the selling pressure is not enough to push up the price of the currency, and new funds in the market are needed!

Today's focus targets

The market BTC is currently at a high pressure level, and it will take time to break through. Therefore, the sentiment of altcoins is brewing, and the altcoin market is expected to perform strongly in the second half of July. #BONKUSDT

The on-chain performance shows that meme coins are still the strongest in attracting funds. Whether it is large or retail investors, the current entry funds are increasing rapidly. #meme季节即将到来

Monthly observation targets: meme coins: bonk, floki, wif, FIGHT, maga

Chain games, public chains, DeFi: second layer, STRK, MANTA, STX, LDO, SSV
RWA: om
In addition, the Ethereum ETF may have been passed and is expected to be officially announced in the evening.

The second spring of the bull market is about to start. Have you chosen your target? If you haven't built a position yet, fans who like spot and want to hoard spot, now is a good opportunity.
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Today's highlights

BTC: The intraday market rebounded after encountering resistance near 64,000. The resistance position on the four-hour level is near 65,000. #BTC☀
Today, pay attention to whether it can fall below 64,000 points. If the four-hour level closes below 64,000, the market may directly drop to the 62,800-63,200 range, which is a relatively effective support position in the current intraday level. My personal reference opinion is to look at the retracement.

ETH: The first support position mentioned yesterday, 3380, performed strongly near it, and rebounded after reaching it twice from early morning to morning. #ETH收益
The resistance position at the intraday level is in the 3440-3460 range. Pay attention to whether the intraday level will fall below 3380. If the four-hour level closes below 3380, the support position can be seen in the 3300-3330 range.
The current market is not optimistic, don't blindly trust the market. If you do short-term trading, remember not to pursue long-term holding, just short-term operations. #山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期

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Today's Ethereum #ETH收益 operation suggestions

Entry point 1: 3450 The current price is already in a downward trend. 3450 USDT is the relative high point in the past few hours and can be regarded as a resistance level

Entry point 2: 3500 This is a psychological barrier and also a recent high point. If the price can rise to this point, it may face greater selling pressure#BTC走势预测

Stop loss point: 3520 Exceeding this price will mean breaking through the recent highest price of 3517.14 USDT, indicating that the market may change its trend#山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期

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Bitcoin is a bit sideways, just wait, what else do you want? The current price must open? Then you will die miserably.

Be patient and wait for the next position I said, don't use 651, it has been used, prepare for the next position, I have said it. #BTC突破7万大关

64218, 63032, 62359... There are many steps nearby, stop loss 330u. . 642 has the possibility of stop loss, need to be clear.

🍗
Ethereum, Dogecoin, pepe, xrp, sats, wld all pay more attention, initially take it.

No more words.

This is a practical effect, not a word game. #山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期
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Bitcoin is in a correction, and the state is very stable. Don't think it will collapse again...

The pressure is concentrated above 66, I have said this...#BTC突破7万大关

If you want to take a long order, wait patiently for the position I said, at least to touch the nearby area.

The same is true for Ethereum and cottage, you can only act near the position I said,

Night observation-wld, sats, xrp, people coin #WLD骗局
#山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期
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Bitcoin has been rising for three consecutive days, and the bottom is constantly rising. Once there is a pullback, everyone should find an opportunity to intervene.

Otherwise, it will become more and more difficult later.

I have said the position.

At the same time, you should also know that 668-673 is in the pressure zone again, and it will not break directly.

For Ethereum and copycat orders, just follow the real-time points mentioned in advance and stick to the regulations.

Lunchtime observation: wld, pepe, sats… #WLD未来的世界虚拟货币 #pepe的离场位置 #山寨季何时到来？ #美国大选如何影响加密产业？

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Every time you think BTC is about to hit a new high, bad news always appears suddenly.

Why does bad news always appear when the market is pulled up to make people think it will hit a new high? #BTC突破7万大关

If you don’t understand the meaning behind this, think about it from another angle!

In the bear market, every time you think BTC has stopped falling, good news will appear to attract you to buy the bottom, but what follows is bad news. #BTC走势预测

Now, every time you think the bull market is coming and just buy the bottom, bad news follows.
Do you understand? #山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期
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Technical Analysis of Bitcoin (BTC)
Yesterday, after a downward plunge of more than 2,500 points, it closed with a positive line. This can be regarded as a market maker washing and absorbing chips in the rising process, and at the same time taking the opportunity to clear the chips that chased the rise in the previous 24 hours.
In the morning, it rose again and broke through 66,000. Yesterday's correction may occur during the day. The support below refers to the 4-hour line 63,700-63,200.#BTC突破7万大关
The target of this rise is tentatively set at the 67,500-68,000 range, but this kind of rapid rise without a callback must always be alert to risk control to prevent BTC from making a large-scale adjustment in stages. After all, the daily trend deviation rate is extremely high.

ETH: Yesterday, it plunged downward and closed with a negative line, entering an adjustment state. Compared with the BTC trend, ETH performed weakly, mainly because the spot Ethereum ETF is about to be launched, and there are many retail investors who are optimistic in the early stage, resulting in a large number of positions in the 3530-3630 range. #ETH收益
Before the good news comes, only by smashing the market can the market lose confidence in it and give up the chips in hand, so that ETH has the opportunity to go to a higher height. The support below is 3440-3400.#山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期
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Bitcoin is back, now at 63,700, but it still can't break through tonight.
The pressure around 65,000 can't be broken at once.

Below 65 and around need to be sorted out.

So these days are still mainly short-term long, just refer to the real-time point I mentioned.

It's best to open orders when Ethereum and Bitcoin are close to or reach the position I mentioned. #山寨季何时到来？ #美国大选如何影响加密产业？ #以太坊ETF批准预期
If you want to know specific opportunities and specific decisions, welcome everyone to follow Changkong, click on the avatar to view the text, and you can get the position allocation strategy, which teaches you how to make money in a bull market and earn coins in a bear market.