July 1st BTC/ETH Mythical Strategy


A new month begins. Wishing everyone a triumphant start.
BTC: The big-picture thinking still assumes the double bottom is valid. The current downward and upward momentum are not particularly clear, but from a historical perspective, prices are relatively low. Therefore, the risk-reward ratio for betting on a double bottom is slightly higher. The sole condition for the double bottom to hold is that the neckline must be retaken. The operation is very simple: use the latest low as a stop-loss. After the low appears, follow the trend to enter for a test. If a new low is made, exit. Even if this test triggers the stop-loss, there is no need to worry—it is an expected provision within the pattern. Last night’s post indicated a liquidation level at 57640 below. This morning, the price touched a low of 57746 before seeing significant capital inflow. Assuming the liquidation has been completed, use this low as your stop-loss. Look for entry points to add longs between 580-585 above this low. The upside targets remain 608-618-628. (See chart for details.)
ETH: I reiterate that the technical picture for Ethereum is very clear. Over the past few days, it has been consolidating within the core support area of 1533-1575, consistently using the midline 1550 as support, and has not tested the triple-bottom support level. Therefore, the trading plan remains unchanged. Since 1533 has not been triggered, the support is effective. It is recommended to use 1533 as your stop-loss for all long positions, or for more aggressive traders, use 1550 as the stop. Add longs above this level for another test. The upside targets remain 1607-1639-1669. If you are not confident, simply look for resistance levels to add shorts. (See chart for details.)#Gate完成141只股票股息派发 $ETH
BTC-0.94%
ETH-0.22%
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