7.2 Tuesday night update of ideas:

Bitcoin prices continued to fluctuate upward in early trading, with small fluctuations. The price fell back after touching around 63300. In the afternoon, the market continued to fall below the short-term support line of 62500, but did not go too far and continued to stop falling and rebound at the 62400 line. It can be seen that The strength of the short-term retracement is still weak, and the upper line of 63800 has been tested multiple times but failed to break through. Then the strong short-term structure has invisiblely evolved into a box structure, so the operation is to participate in high altitude and low long positions.

Looking at the market, the 4-hour chart showed a strong rise and then fell back. It found support for the first time below and then rebounded again. However, the strength of the rebound was also limited and did not break through the previous high. As a result, there was a retracement action. Neither bulls nor bears were able to do so in the short term. The breakthrough continues and the market is running within a range, which is in the 62200-63800 area. Then sell high and buy low before there is an effective breakthrough in this area.

Tuesday night suggestions:

Bitcoin is near 62500, look at the 63500-64000 area, if it fails to break through effectively, you can go short, look back at 800 points

Ethereum is near 3430, look at the area of ​​3500, if it fails to break through effectively, you can go short.

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