7.2 Big Cake and Ethereum Evening Outlook



1-hour level saw a large bullish candle with increased volume, MACD green bars significantly shrinking, DIF turning upward close to DEA, bearish momentum weakening, short-term bullish recovery. The previous high of 61447 is a strong resistance level. It is not recommended to chase the rally directly; wait for a pullback to support for lower entry. Be sure to set stop losses for operations.

Strategy Layout

Big Cake: Enter short on resistance in the 61500-62500 range, target around 60500, and after breaking through, target around 58000

Ethereum: Enter short on resistance in the 1660-1680 range, target 1620, and after breaking through, target around 1550#币圈 $ETH $BTC
ETH0.04%
BTC-0.36%
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SlippageSkeptic
· 07-02 11:36
MACD green bar contraction really does look good, but the previous high at 61447 has repeatedly capped the price, and it’s been rejected there several times. Whether the increased volume can truly break through will still need observation. I’m inclined to wait for a pullback confirmation before moving, set a stop loss, and not gamble on the breakout.
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