7.6MorningThoughtsFromatechnicalperspective,theweeklycharthasalsoseenacertainbreakthrough,withafullbullishcandlebreakingthroughrecenthighs.Themovingaverageshavebeencorrectedinpriceterms,sothenextsecondarysurgealreadyhasmomentum.Moreover,afterthesurge,therewasonlyasmallpullbackbeforestopping.Therefore,continuingtogolongisunquestionable.However,onemustnotethatwiththebreakoutoftherange,theshort-termstrongtrendmaytransitionintoaphaseofconsolidation.First,maintainalow-longfollow-up,andthenadjustbasedonthesituation.Structurally,itisstillintheaccumulationphaseforasecondbreakout.Itmaybedrivingafurthersurgewavetobreakhigher.Afterapullbacktoaccumulateenergy,itwillsurgeagaintobreaktheprevioushigh.Thedailychartisbullish.Withinthesmallcycle,afterthisrally,ithasgraduallybeguntostabilize.Astrongconsecutivebullishcloseisaveryperfectsignal,andthegradualraisingoflowsclearlyshowstheadvantageofbulls.SoonMondaymorning,golongfirstandlookforarebound.TradingSuggestionsBTC:Golongnear63200–62700,target64500–65000ETH:Golongnear1770–1750,target1830–1850$BTC $ETH

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MildlyRugged
· 07-06 03:42
The weekly chart breakout with volume does give the bulls a lifeline, but the long position at 63200 is a bit aggressive. It's safer to wait for a retrace to around 62700 before entering. First target is 64000, and if it breaks through, look at 65000. Manage risk well. Monday's open is volatile, don't FOMO.
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