Evening thoughts on BTC/ETH for July 1



The four-hour Bollinger Bands continue to shrink and narrow, the market has been consolidating at low levels for a long time, the range of highs and lows is constantly compressed, long and short trading is gradually entering an accumulation phase, washout and accumulation actions in the short term are obvious, the bottom pattern is being built, waiting for the breakout.

Operations:
BTC: Rebound to 59500-60100 short, target 58600-57800.
ETH: Rebound to 1585-1600 short, target 1550-1500#Sharplink增持1万枚ETH #Sharplink增持1万枚ETH #道琼斯指数创历史新高
BTC2.53%
ETH2.68%
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Mint-ColoredSlippage
· 1h ago
59500 short? I think we should wait a bit longer, too many false breakouts at the end of the squeeze.
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HoldingPositionsIsLikeTending
· 2h ago
Bottom formation is bottom formation, but the breakout direction is really hard to say, stop-loss must be set tight.
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DeltaSmile
· 3h ago
Sharplink is increasing its holdings now, and institutions don't see the same cycle as we do.
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0xTeaTime
· 3h ago
This range is compressed quite aggressively, feels like it could burst at any moment.
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