1. BTC weekly chart

Weekly level K-line chart

Explanation: After entering the weekly supply zone, a situation of yin and yang appeared. My understanding of this situation is not good, it may mean the interruption of the rising market and the beginning of a downward trend.

2. USD stop loss DXY

US dollar index DXY weekly chart

Explanation: After experiencing a sharp retracement, the U.S. dollar index made a short-term bottom around 101. At present, looking at the weekly level, it looks like a double bottom pattern, and last week’s weekly line closed an inverted hammer pattern, which can be held. Be long DXY with a try mentality

Looking at the 4-hour chart

Bitcoin’s trend has an upper shadow line when approaching 29500

This is also the situation we mentioned yesterday: falling back after the breakthrough shows that 29500 is still effective as a pressure level

Those who hold short orders can continue to hold. Those who have not entered the market can consider entering the market, but the position should be lighter. Use this short-term high as a stop loss level.

If the small-level rebound is strong, the market may return to around 30,000 again and then continue to fall. The trend of effectively falling below the 29,500 support is still valid.

However, the trend of small levels is relatively changeable, so you need to be mentally prepared. For intraday trading, it is recommended to open a short position near the current price of 29,500, stop loss at 29,700, and target around 28,500 first.

The Federal Reserve decided to raise interest rates in the early morning. The end point of this resolution is whether July is the last interest rate hike. If it is not the last interest rate hike, the U.S. stock market and other capital markets may fall into the abyss!

Bitcoin’s trend is similar to yesterday, still consolidating below 29,500

It is expected that the market is waiting for the news of an interest rate hike in the early morning. In fact, the interest rate hike will have little impact on the market. The market still regards the news as an opportunity for short-term fluctuations. However, there is no need to over-interpret the news. The focus is to observe the market changes that have occurred in recent months. Good news but no rise and bad news but no fall

Bitcoin finally fell below 29,500 and is now consolidating around 29,000. However, the 4-hour decline has not completely ended. It is expected to take some time and there is still some space below.

We reminded this in yesterday's analysis and predicted a break of 29500 in the morning. The break did occur in the evening.

For large-level trends, we still need to pay attention to the strength of the next 4-hour rebound, but basically there is no need to be too anxious because 31800 is the second top if not the top.

As for the short-term trend, because the market changes rapidly, the article can only predict the market changes at the time of publication. Therefore, short-term traders need to pay close attention to the latest market changes. These analyzes are for reference only.

In yesterday's article, it was clearly pointed out that if the 1-hour rebound fails to break through 30450, it is likely to form a 1-hour center and then continue to fall. Therefore, there is some doubt as to whether last night's rebound was at the 4-hour level. According to yesterday's article With the time limit this morning, we can judge whether it is a 4-hour level rebound. After waking up this morning, the rebound on the market did not show a 4-hour level trend. Therefore, I suggested in the internal group in the morning that everyone take profits in batches. At the same time, in the exchange group and There is also a corresponding reminder on Weibo. Since the current rebound is not strong enough, you need to pay attention to the high probability of a breakout.

According to the observations in the last week, the market has frequently tested the support level near 29500~29700, and will rebound every time it approaches this position. Although the rebound is not strong enough, the current focus is to observe the strength of this rebound. If it cannot effectively stand on 30450, then it is possible. Will extend to the 4-hour level of decline

For short-term traders, you need to pay attention to the rapid changes in the market. The article can only predict the market changes at the time of publication, so it is for reference only.

On the 1-hour level, the short-term has formed a complete upper and lower structure, which means that the entire 4-hour level decline may have ended. Next, there may be a 4-hour level rebound. The target range is near 31000 or 31500, as shown in red in the figure. As shown by the arrow

Looking at the 4-hour chart, Bitcoin has not yet fallen below the bottom of the swing range. After testing support again yesterday, there was a small rebound. Since the price fell near 31850, Bitcoin has not rebounded effectively and has been fluctuating slightly at the bottom. Although the trend of Bitcoin is volatile, the rise has been delayed. Therefore, we need to be alert to the market breaking down and start a correction after the short-term support is broken. In addition, we also need to pay attention to the subsequent review of ETFs. At present, we need to be prepared with both hands. Before the support is broken, we can continue to go long around the support. You can enter the market directly near the current price of 29790, with a stop loss of 29400 and a target range of 30800-31300.

Bitcoin (BTC) short-term trend has broken and price may continue to test support. Price found support near 29500 last night but there was no obvious increase in trading volume. There is no clear reason for the market to rise or fall at the moment. Price may fluctuate in a relatively narrow range at On the 4-hour level, if the price cannot rise above 30,800 this week, the price is likely to break through the shock range and continue to decline to test the support level near 28,700. The short-term trading recommendation is to open short in the price range of 30,300-30,500 and open long in the price range of 29,500-29,200.

Ethereum (ETH) ended its five-day decline today. Although there are no signs of reversal in the short term, it has at least stopped falling. Judging from on-chain data, Ethereum’s total value locked (TVL) remains stable at $26 billion, but it is believed that The pledge rate on the standard chain continues to rise. Yesterday, 42,000 were newly pledged and 18,000 were unlocked and withdrawn. The daily net inflow is more than 20,000, but TVL has not increased. This shows that high leverage has turned to low leverage on the chain. However, in the long term, Staking is more stable than mining or lending, so the long-term risk is lower. The short-term trading recommendation is to open short in the price range of 1920-1940 and open long in the price range of 1850-1870.

Bitcoin fluctuated around 30,000 for 3 days without the expected rebound to above 30,600.

If it still fails to rebound from tonight to tomorrow morning, it may break directly downward, so we need to pay attention to the downside risk. From a structural point of view, we should expect a 1-hour rebound. The market changes quickly in the short term, so the video can only be released for Make predictions about market changes at all times. Short-term players should pay attention to the latest market changes. This page is for reference only.

According to our expectations on the 1-hour chart, if the market does not fall below 29,500, there should be a 1-hour rebound to above 30,600 and then a third 1-hour decline. However, the market has yet to rebound, so There is a possibility of a direct downward break. If a one-hour rebound cannot occur, it is likely to break directly to near 28,500 and then consolidate around 28,500 to build a center and extend to near 27,500.

Yesterday and today, the market failed to break through 30,500, so it fell below 30,000 again today, which is a continuation of the 1-hour decline. It is expected that there will be another 1-hour rebound, so we continue to wait for the rebound before going short.

This week we will focus on whether the market will fall directly below 29,500. If it falls below, it is likely to quickly approach 28,000.

BTC short term:

1 hour level:

The first 1-hour decline is currently continuing. In the short term, we will continue to see whether the support of 29500~29800 can be held. If it holds, we can continue to watch a 1-hour rebound to near 30700 or 31000, and then pay attention to the third 1-hour Will the decline in levels accelerate? If 29500 cannot be held, you should pay attention to the risks.

The price of Bitcoin continues to rise after falling back to the 25,000 line. We need to pay attention to the subsequent morphological changes.

On the 1-hour chart, the short-term trend has pulled back and tested the support area of ​​29900. If the pullback does not break this support, there is still a trend of rising again.

The price of Ethereum rose again after testing the 1630 line. We also need to pay attention to the later morphological changes.

On the 1-hour chart, the short-term trend has pulled back and tested the support area of ​​1900. If the pullback does not break this support, there is still a trend of rising again.

The market during the year has been fluctuating within the range and consolidating back and forth. Regarding operations, everyone must plan the market well, instead of preparing for the market when the market arrives. It is very easy to miss the market. Opportunistic. After all, the market is in a dynamically changing market at all times. Just grasp the key market pressure support and conduct market operations based on the real-time trend in real time. Make market plans in advance so that when market opportunities arrive, , in order to better seize market opportunities and gain harvest!