7.3 BTC is extremely panicked. Is this a bearish attack or a bottoming signal? ETH is holding on to the 3400 support, but there is another mystery?

Bitcoin rebounded to the upper track of the Bollinger Band at 63,800, and then fell under pressure after double needle peaking. The continuous decline during the day caused many coin friends who were firmly bullish to start to waver. Don't panic. The market rebounded from 60,000 to 63,800 in the early stage, inducing the demand for a callback. From a fundamental point of view, the Bollinger Band is still in an upward posture, and the trend is still biased towards bulls. This wave of callback has obviously bottomed out. Ethereum continues to fluctuate downward, and the price is close to the dense support level of 3400, and it has also stopped falling quickly. In the short term, Bitcoin and Ethereum have completed this wave of callbacks, and the short-term volume has also been released. Bulls have given opportunities again. For friends who want to layout, I suggest that they keep long positions as the main position.

Bitcoin 4-hour chart shows that the price starts to slow down after falling to the middle track. After each pin is inserted, it is a quick pullback. In 1 hour, MACD short volume continues to shrink significantly. The market may reverse at any time. Waiting for the opportunity to exert force again, it is expected that the subsequent callback will not be large. It is more of a pin insertion, inducing retail investors to be bearish before reversing upward.

Ethereum 4-hour chart shows that after breaking through 3400, a strong support level has been formed from the previous pressure level. The attack and defense conversion has been successful, and the price has stopped falling significantly. From the half-hour chart, the Bollinger band is slowly opening and running, and the MACD golden cross begins to form. The bottom is a strong support level, and the probability of a breakthrough is not high. The market rebounds at any time.

BTC operation suggestions:

Go long when the price falls back to 61500-62000, target 63500-64500, stop loss 61000

ETH operation suggestions:

Go long when the price falls back to 3380-3420, target 3500-3580, stop loss 3350

If you don’t understand the technology, don’t know how to read the market, don’t know when to enter the market, don’t know how to stop loss, don’t know when to take profit, randomly add positions, buy at the bottom and get trapped, can’t keep profits, and can’t catch the market. These are common problems among retail investors. It doesn’t matter. Come to me and I will guide you to think correctly about making orders.

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