7.18 Friday

Good afternoon, everyone!

As mentioned in the post on the evening of the next day, if the secondary adjustment around 3370 does not continue, we need to look for a rebound. In the early morning, it also touched this first target position two or three times before it started its rebound, which is precise and aligns with our low long Silk Road strategy. So how should we look next? Where to look? The positions are all below:

The current position of 1200 for Bitcoin is the key point I mentioned repeatedly a few days ago. If it stabilizes here, then the minor pullbacks are basically over, and the next upward targets to watch are around 1210-1220. If it breaks through, the next high is 1230 or possibly a new high. If it faces pressure and retraces, we will first look at the position around 1190. If this level is not broken, there will also be a rebound; if it breaks, we will then look at around 1175.

The secondary wife is currently rebounding again with high volatility. If the pullback does not break the recent low around 3570-3550, the market will rebound again with the upper pressure targets initially looking at around 3650-3670. If broken, we will then look at the two positions around 3700-3750. For upward movement, pay attention to the breakout situation at the fourth target node. If the pullback breaks the intraday low, then we will look at around 3500-3450.

The overall trend of the Silk Road combined with Bitcoin's fluctuations shows a continuation of pullbacks for low longs. In any case, maintaining good defense and timely adjustments in direction and position are of utmost importance. #ETH突破3600 #特朗普施压鲍威尔 #山寨季何时到来？