7.7 Early Morning Chenye Bitcoin Analysis


Reviewing Monday evening, market sentiment fluctuated due to news-related disturbances, but we firmly adhered to a bullish outlook, successfully guiding our students to precise positioning, with 4000 points of profit on Bitcoin smoothly realized.
On the technical side, Bitcoin broke through the key resistance level of 64000 with volume as expected in the early hours, reaching a high of 64691. Ethereum also rallied to the 1833 level, with upside space fully opened. For the earlier bullish positions entered along the trend, it is recommended to take profits in batches to guard against profit erosion after the surge. Previously, the 64000 level acted as resistance on the 4-hour moving average and has been effectively broken after multiple tests. Meanwhile, last night's dip to 61297 was essentially the final bear trap washout before the establishment of a new upward trend.
Intraday operation strategy: The bullish trend has been initiated; maintain a strategy of going long on pullbacks.
Bitcoin: Go long in the 63800-64000 range, with upside targets at 65000-65500.
Ethereum: Go long in the 1780-1800 range, with upside targets at 1850-1900.#Vitalik公布精简以太坊路线图
BTC2.81%
ETH2.55%
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