7.13 Bitcoin/Ethereum Operation Strategy with Market Analysis

The Bitcoin/Ethereum market has been fluctuating and narrowing in the past few days. The overall trend has shown signs of bottoming out many times, and it is expected to be further pulled up in the future. However, combined with the weekend, the overall trend is relatively slow, and there will be a process of shock repair. The four-hour narrowing state remains unchanged, and it slowly moves upward. The short position shrinks, and the long position continues to move up. Pay attention to the support in the future, and enter the market with long orders based on the support level. The 7-day and 10-day moving averages on the daily line also begin to overlap and stabilize and rise upward. The big cake needs to pay attention to the 57000 to 57500 moving average support in the future, and Ethereum can pay attention to the 3050 to 3070 support.

However, while paying attention to the support and retracement of the long orders, it is also necessary to pay attention to the important pressure generated by some important top and bottom conversions in the early stage. If the pressure is not broken, the subsequent market will be repeated, but the overall range will still show wide fluctuations. Pay attention to the daily level and the previous top and bottom conversion of 59500 to 60000 on the top of the big cake, and pay attention to the 3250 line on the Ethereum. The current market is still in a consolidation with shrinking volume, and the reversal of the long and short trends has not yet come out. From the weekly K structure, it can be seen that the bulls are beginning to accumulate strength, and a rebound will become inevitable after bottoming out.

In terms of operation, long orders are entered near 57400 to 57700 for Bitcoin, with a target of around 59000 to 59500; long orders are entered near 3070 to 3100 for Ethereum, with a target of around 3180 to 3230.

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