BTC/ETH Mi Strategy for the Evening of July 2

Congratulations to those who kept up with the rhythm. All the bullish logic has been explained in detail in previous tweets – the prototype of a double bottom, the cooperation of news events, the effectiveness of technical analysis. Step by step, follow the logic to capture value. This is positive feedback; maintain it and you can achieve your ultimate goal.

In our circle, we don’t need to overthink the actual quality of news events. We just look at the market response after the news comes out. Here, after the non-farm payroll data was released, the market moved toward the target. Since it met expectations, we simply move on to the next target.

BTC: Finally conquered the 61800 level. Previous tweets provided several boxes above. Still, take it step by step. If it pulls back from above and you want to add longs, look for the mid-line of the box and use the lower rail as a defense. By the same logic, in an upward move, if you want to add shorts, just use the upper rail of the nearest box as defense. The technicals are very simple – look at the charts more. Previously, if 62888 could be held, then the larger-scale double bottom would be confirmed. If the neckline is repaired, July can be slightly optimistic. (See chart for details)

ETH: Precisely took the 1715 level. During the day, it built a consolidation box around 1639. In the night session, leveraging the news flow, it directly broke through the target. Now that the target is reached, watch for a possible pullback. Short-term shorts can be attempted, using the latest high as a defense. Position size must be well controlled. Adding longs without a first-mover advantage is tricky; trade time for space and wait a bit. In this market, frequent trading is not rewarded – only correct trades are rewarded. So patience is a virtue. Watch for a pullback near 1669 before considering adding positions. (See chart for details)