Evening strategy:
After the correction in June, Bitcoin rose again to 68459 today
It rose by more than $15,000 from 53339 to 68459
But from the trend, 70,000 points is a pressure point
Four coins performed strongly:
SOL
Driven by Bitcoin, a variety of altcoins also showed strong recovery momentum. Among them, SOL rebounded on July 20 and successfully broke through the downward trend line, invalidating the forming descending triangle pattern and releasing a strong bullish signal.
In addition, tokens such as ICP, GRT and BONK also showed good upside potential.
IGP
Specifically, after ICP broke through the downward trend line on July 15, the short-selling force gradually weakened. Bulls are trying to push the price above 10.50 to continue the rally. If this resistance level is successfully broken, ICP is expected to rise to 11.25 or even higher.
GRT
GRT has been fluctuating in a narrow range between 0.22 and the 20-day moving average (0.19) in the past few days. If the price can rebound from the 50-day moving average, the upside outlook will improve and may touch the downtrend line.
BONK
Finally, BONK fluctuates within a symmetrical triangle pattern, showing indecision between bulls and bears. However, bulls do not seem to have ceded much ground to bears, and prices are still expected to rise to 0.000036 and 0.000042. However, enthusiasts should also be wary of the risk of prices falling below the 50-day moving average, which may trigger more selling.
In terms of the technology of the big cake, the 4h structure KDJ has formed a dead cross, and the KDJ of the daily K line has also begun to turn downward. The pressure above 70,000 points will not be too small.
Bitcoin sees 70,000 above, if this position cannot be broken, it is recommended to short
See 66,500 below
Ether sees 3,600 above and 3,350 below
