Analyze the current trend of ETH and BTC
ETH has already been mentioned on May 28th, it is a 1h-level downward trend. The trend ended on July 1st and should have started a 1h-level rise, but it was suppressed, so we must decisively leave the market and wait and see.
Now the trend is rebuilt with the decline that started on May 28th, which is a 1h-level central trend after the central trend. From the internal structure of this 1h trend out of the central trend, we can see that the first 15f-level trend is too strong, and all subsequent trends are in it, so this 1h-level trend cannot confirm its end time in the first time, but once there is a strong upward break of the 1h-level upward trend line, the 1h-level decline ends, and at the same time, the 4h-level decline ends, ETH will start a new 4h-level upward trend, and it will have a high probability of setting a new high.
BTC has always been clear, waiting for the 4h-level downward trend to end and buy, and it fell below the upward trend line due to huge sell-offs. It is currently a repair market, and the direction can be re-judged after the repair is completed.
In the current overall form of blockchain, most currencies are at the bottom, and there are 4h-level buying points in the form. ETH and BTC currently need to judge the future direction through the final ending form of the last round of 1h-level decline. If it cannot drop sharply again, the 4h-level decline will be completed. It will usher in a rebound market that returns to the daily level trend line or a reversal market that crosses the daily level trend line.
Finally, if you are a pure novice, you are excited to rush into the currency circle when you see BTC hit a record high before, then I suggest you pay attention to me first, learn the knowledge of the currency circle with me, and make up for your basic skills. Only by laying a solid foundation can you go further.
