10.7 Monday Noon Bitcoin and EtherLife is like a painting, only when painted with positive colors can it become vibrant and diverse.

Good afternoon everyone, the price has increased by about 3% this morning, surpassing 63000 and almost touching 64000. We have also seen signs of recovery in Bitcoin and Ether, and a short-term reversal trend has also been issued. Due to the increase in new jobs in the US, although the possibility of raising interest rates has almost disappeared, the expectation that the US economy will not fall into recession and will achieve a soft landing has skyrocketed, driving this rally.

At present, 64000 is set as resistance, combined with the RSI overbought zone and the formation of a large bullish candle, it is expected that the price will rebound after the correction, continuing the uptrend. If 64000 is broken with accompanying trading volume, a further increase can be expected. During the correction, there was also a short-term trading session, although there is a possibility of a sudden breakout, but the probability is high that it will retest 64000 after the correction.

Currently, the candlestick pattern of Ether is fluctuating between 2400 and 2500, forming a small accumulation pattern. During the period from 4 to 7, the candlestick shows several upper shadows, indicating that there is selling pressure above. When the selling pressure ends, a one-way trend will appear as it is now. Look at the MACD technical indicator: currently both DIF and DEA are negative, but the MACD histogram is gradually narrowing, indicating that the bearish momentum is weakening, there is a possibility of a golden cross signal, at which time a buy transaction can be made.

The RSI has recovered from the oversold zone, indicating that the market sentiment has improved. Before entering the overbought zone, the market may continue to extend, the EMA7 trend indicator has crossed the EMA30 and is about to touch the EMA120, indicating that the short-term trend is turning bullish; but it is necessary to pay attention to whether the resistance near the EMA120 holds, besides, the trading volume has decreased compared to the previous period, especially during the price increase, after a sharp increase on the 6th, the trading volume on the 7th has decreased significantly, it is necessary to be vigilant for the risk of correction, large investors need to prepare for prevention.

Monday Afternoon

Bitcoin
Ascent: Area 63000—63400
Target: Over 64000

Downward path: Area 63900—63600
Target: 63200—62800

Ether
Ascending Route: Area 2410—2470
Target: 2500—2520

Downward Path: Area 2520—2500
Target: 2460—2430

(The suggestions are for reference only, specifically need to be based on the actual market, during the transaction process need to flexibly adjust the strategy based on market developments and personal risk tolerance.)

The world is vast, meeting each other is fate, maybe you have met your noble person invisibly, maybe today is that day, just like the saying goes you need it, others have expertise, some random opportunities are the path to success, whether you do it right or not, you just have to try, if you don't try how will you know, just talking is useless.$BTC $ETH