7.10 Pressure must be broken, BTC long-term long positions continue to hold, ETH longs begin to show their swords

The current trend of Bitcoin is still under pressure on the 4-hour upper track. Although the pressure has not been broken, the overall price continues to impact upward and test, the Bollinger Bands open upward, and each callback quickly forms a pin rebound, the low point support continues to rise, the trend is obviously biased towards the bulls, the pressure is only temporary, and the callback is an opportunity to cover the position. As long as it does not break through the box shock, the subsequent shock should be within 56000-58000, and it may break out of the market at any time. It is best to keep the low-long thinking as the main idea. Breaking up is only a matter of time. Once 58500 is broken, the upper space will open up. We are firmly optimistic about long positions in the medium and long term.

The current price of Ethereum is constantly fluctuating around 3060. The short-term upper pressure is still very strong. In the 1-hour view, the current Bollinger Bands are shrinking and the price has fallen below the middle track and is constantly falling. The 4-hour K-line is testing the middle track support downward. From a technical perspective, the MACD golden cross is slowly shrinking, and the KDJ is slowly turning downward. There is still a need for a callback to test the bottom support during the day. Overall, the daily line has turned to bulls, and the general trend is optimistic about the rebound. For friends who want to layout, I suggest a small callback to enter the market directly.

BTC operation suggestions:

Go long when the price falls back to 56500-57000, target 58500-60000, stop loss 55900 when it breaks 62000

ETH operation suggestions:

Go long when the price falls back to 2970-3000, target 3100-3200, stop loss 2930 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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