Let's talk about the trend in the past few days:
Oscillating-Oscillating-Declining-Rebounding
It is the bottom but not rebounding, and rebounding is not the bottom. Don't worry, there will be opportunities to get on board
BTC encountered resistance in the middle track of the Bollinger Bands for four hours.
SOL broke through 142 and then went to 151 and began to fall, with support in the 137-136 range
ETH's weak trend, is the pledged ETH redeemed by Jump going to start selling again?
Although the hourly line has been showing an upward trend, it cannot go up without volume. It will still pull back to fill the lower shadow
Buying point:
BTC: Buy near 49-450
SOL: Buy at 90-104
ETH: The trend is very weak and it is not recommended to buy
DOGE: Buy at 0.078-0.08
Today's hot spots:
Yesterday, Bitcoin ETF had a net outflow of 149 million US dollars
Today's BTC greed index is 29, which is at a low level. What we need to do now is to stay calm and invest rationally. Keep in mind the risks, operate prudently, and make rational decisions.
Macro:
The situation in Iran may deteriorate at any time, and Hezbollah in Lebanon is also constantly looking for opportunities to attack Israel.
Hamas appointed Sinwar as the new political leader. He is considered to be the mastermind behind the attack on Israel last year and is more threatening than the late Haniya
Summary:
The trend has not reversed yet, and it is just a rebound at present. We must be prepared for BTC to fall below 53,000.
Response strategy: Don't add positions to buy at the bottom, wait for a pullback. Wait 1-2 more weeks, until mid-to-late August.
The bull market is still going on. If you are not sure how to position yourself, you can find me by pinning my articles.
