7.15 Buy the bottom and hold it for the long and medium term, the Bitcoin bull market is back, and Ethereum is soaring ↑

7.14 The SEC has concluded multiple investigations and the German government has cleared its positions. Is the Bitcoin bull market about to make a comeback?

The SEC concluded its investigations into multiple cryptocurrencies this week, boosting the prices of some altcoins. BNB. rose 6.8% this week after the SEC dropped an investigation into its sister stablemate BUSD. XRP and (ADA), two coins that have long been subject to SEC scrutiny, are both up 19%.

Bitcoin also now appears to be shaking off seller pressure from the German government, which sent its last remaining Bitcoin to exchanges on Friday. Its wallet had been holding around 50,000 BTC for several months, but its balance has now dropped to zero. Selling pressure on Bitcoin from Germany, the United States and Mt. Gox’s creditors has been a popular narrative that has spooked the market over the past few weeks. At present, as the difficulty of Bitcoin mining has dropped significantly, short-term traders are panic selling at a loss, and it may be at or near a local bottom.

Bitcoin continues to fluctuate around 58600 during the day. In 1 hour, the K-line price has been slowly moving upward relying on the middle track Bollinger Bands. In the short-term daily line, there is strong pressure above 59000 in the middle track. In 4 hours, the price is approaching the upper track and is testing upward. The trend must be first Go long and keep your long-low thinking.

Ethereum's 1-hour market rebound is suppressed at 3171, and the focus is on the daily mid-track suppression of 3220. In 4-hour view, the Bollinger Bands are slowly opening and running, and the price continues to fluctuate along the upper track. The MACD golden cross shows signs of a second increase in volume, and the KDJ third line The trend has turned upward and dispersed, and the short-term price still needs to test upward. For friends who want to make arrangements, I suggest that it is safer to wait for the correction before entering the market, and wait patiently for the outbreak to begin on Monday.

BTC operation suggestions:

Step back to 57500-58000 and go long. The target is 59000-60000. Break the position at 62000 and stop loss at 57000.

ETH operation suggestions:

Step back to 3100-3130 and go long. The target is 3210-3290. Break the position at 3350 and stop the loss at 3070. Real-time guidance Wei: btc0798

If you don’t understand technology, don’t know how to read the market, don’t know when to enter the market, don’t know how to stop losses, don’t know when to stop profits, add positions randomly, buy at the bottom, and can’t hold on to profits, you won’t be able to catch the market when it comes. These are common problems among retail investors. It doesn't matter. You come to me and I will guide you in the correct way of thinking about placing orders.

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