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Gu Jingci: 7.2 Bitcoin/Ethereum Multiple Layouts for Pullback Longs Successfully Rise, Focus on High-Level Resistance
Bitcoin/Ethereum has been continuously laying out pullback longs over the past few days, with early morning again reminding to enter longs on pullbacks. The overall space is visible, and those who followed the strategy directly captured good profits. The current market has surged again to around 61100 and 1641, with an obvious upward trend. However, the short-term rally is overheated, coupled with repeated resistance and pullbacks at the top, so we can first look for a pullback decline. Later, pay attention to the MA support at 59000 and 1570. The overall long-short space is still very good. If it breaks and stabilizes again at 62000 and 1670, the market will open up further upside, but on the first touch, we can look for a pullback.
Operation suggestion: Enter short near Bitcoin 61000 to 61500, target near 59500; enter short near Ethereum 1640 to 1660, target near 1590, and stop loss at 62000 and 1670 respectively.
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