Good afternoon brothers, Bitcoin and Ethereum pulled up again last night. I just checked the greed index, it’s already 74. It was only over 20 during the previous big drop. Some analysts said that the bull market is back, damn, the bull has never moved!

I have said before that the bull market in the first half is over. Now it is in the consolidation stage waiting for the arrival of the big bull market in the second half. The decline at the beginning of the month is just a weekly level correction. The large-scale corrections are quite large. Don't say that the bull market has turned into a bear market as soon as it falls. The bull market is back as soon as it rises. If the leeks sell their stocks and you say that the bull market is back, what do you want them to do?

It is estimated that many analysts have experienced this as the first weekly level correction since entering the circle. They are also panicked. After all, the last weekly level correction was in August last year. Maybe at that time they had not yet planned how to enter the cryptocurrency circle to reap the benefits!

There may be a pullback after the Ethereum ETF is passed on the 23rd. The rise in the past few days is due to the positive expectations. Once the positive news comes, there will be a pullback. So don’t chase it if you didn’t get on board this wave of rise. It’s better to buy when it plummets than to chase it when it rises. You must know that if the Ethereum ETF is passed, the next positive news of interest rate cut should be in September. There will be a one-month vacuum period during this period. No one can predict what will happen in this month!

In the preface of yesterday’s market analysis, I mentioned that we should wait for the correction before continuing to move upwards. The general idea was given to everyone. Later on, it was mentioned that if Bitcoin wants to go up, the 1-hour K-line must stand above 66,700. After it stood above 6.73 at 1 a.m., it directly broke through the first pressure level of 6.73 and reached around 6.76. Ethereum also moved above 3,500 at the 1-hour level. Give face to the dog dealer!

Today's big cake market analysis:

$BTC Currently trading sideways at the 4-hour high, the 1-hour level is now in a correction. Pay attention to the following positions of 66750-66160-65260. If it falls below 66750, the 4-hour level will start to pull back. If you want to go long, wait near the next two support levels. If the 4-hour level does not fall below 66750 today, it will still fluctuate upward!

If we want to go up today, the 1-hour level closing line must stand above 67190. Only when it stands above this position, the 1-hour level will complete the correction and start to rise. The upper target is around 67640-68600! #BTC走势分析

Today's Ethereum market analysis:

$ETH Currently, the 4-hour high is sideways, and the 1-hour level is now in a correction. Pay attention to the following positions around 3500-3480-3460. If it falls below 3500, the 4-hour level will start to pull back. If you want to go long, wait near the next two support levels. If the 4-hour level does not fall below 3500, it will still fluctuate upward!

If we want to go up today, the 1-hour level closing line must stand above 3515. Only when it stands above this position, the 1-hour level correction will end and start to rise. The upper target is around 3540-3600! #ETH走势分析

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