Monday, evening Bitcoin, Ethereum, operation ideas!
⚠️Highlights this week:
July 1: Mt.Gox expects to begin repaying BTC and BCH in early July
July 1: The anniversary of the establishment of the Hong Kong Special Administrative Region, the Hong Kong Stock Exchange is closed for one day;
July 2: Ethereum ETF may be launched soon, the latest news has been postponed
July 3: The day before the Independence Day of the United States, U.S. stocks closed three hours early
July 5: The United States releases non-farm payroll data for June.
Early in the morning, the market broke out of the market and started to rise, taking advantage of the July opening. During the weekend, the lowest level was 60,000, and it was directly pulled to 63,800. We were bullish all the way, and the low level of 58,500 reminded everyone that the band was bullish, and it also perfectly reached the first band target of 63,000 area! The short-term overnight Duotan idea continued to prompt 62600 to do Duo after taking profit at 62800. It also realized the increase very accurately, reaching the 63500 line! All strategies are network-wide prompts and distributed uniformly, so it is beneficial to keep up with the ideas!
After rising to 63800, the adjustment did not continue at noon, mainly because the news that Mentougou may pay compensation this month and the Ether ETF extension has suspended the rise. If there is no continuation of the upward trend in the afternoon, special attention should be paid to the first-line support test of the low 62200 in terms of adjustment efforts. On the 4-hour technical structure, the positive streak continued and then corrected, but it continued to stabilize above the moving average. Although there was an adjustment, the momentum did not continue to fall below, and the range was still within the rising range.
In the short term, according to common sense, if the price rises sharply in the early trading and fails to rise again in the afternoon, then the pullback in the afternoon can only be regarded as a break and should not be regarded as short selling, it is still in the bullish territory! In the evening, focus on the support of 62200 and the pressure of 64500. We can arrange for a slight retracement in the evening.
In terms of Ether, I tested 3500 once, but it did not stabilize. The contraction pattern on the daily chart is still there. After stabilizing, there will be continuity. I will continue to be bullish!
Monday night thoughts
Bitcoin 62500-800 area, look at 64500, it will not break
Ethereum 3450-70, look at 3550, it won’t break
That’s all, it’s a new week, a new month, a new starting point, eat meat and drink soup, recover your blood and crawl into pits, it’s up to you! I understand everything!
