7.8 The sharp drop in the early trading is also an opportunity. BTC continues to hold the medium- and long-term bottom-fishing, and ETH patiently waits for the extreme rebound.

Bitcoin once again broke down with short-term efforts in the morning. The short-term 58,000 is under pressure and the current price has fallen to around 56,000. In the 1-hour view, there are signs of falling to fill the gap below. At present, 50% of the pins are expected to be inserted downwards for the second time to form a reversal trend. The callback is an opportunity to lay out the medium and long-term. In the 4-hour view, the middle track is inserted downward and then rebounds quickly. The short-term support is still very strong. The expectation of breaking the support is not great. After the second test forms the secondary low point, it will reverse and pull up.

Ethereum inserted a pin downward near 2926 and rebounded quickly. It is currently falling along the middle track. The lower track happens to be the support level of 2900. From the Fibonacci retracement line, it is just at 61.8% perfect long position. The short volume continues to weaken. Now the bulls still have the opportunity to bottom-fish. Friends who want to lay out, I suggest that you enter the market after the callback.

BTC operation suggestions:

Go long when the price falls back to 55500-56300, target 58000-60000, stop loss 54900 when it breaks 62000

ETH operation suggestions:

Go long when the price falls back to 2900-2930, target 3030-3150, stop loss 2850 when it breaks 3300

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 trading.

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