Yesterday morning, the market surged to test the 64000 level, then the intraday trend showed a weak oscillating decline overall. The market kept falling, and in the evening it retraced to a low of 61290.

As the subsequent positive news continued to be released and absorbed, buying power on the chart re-emerged, leading to a strong rebound. The price surged again and refreshed to around 64600.

Yesterday, we persisted with a long-side strategy layout, and the target levels set for BTC and ETH were both successfully reached and realized.

From the current chart, the daily level has formed a phased bottoming pattern after the previous bottom. The coin price has re-stabilized above the middle band of the Bollinger Bands. The daily MACD bullish momentum continues to sustain. The larger cycle has shifted from the previous downtrend to a bottoming and rebounding oscillation pattern.

The 4-hour K-line lows are gradually rising, forming an oscillating upward wave pattern. The 1-hour Bollinger middle band serves as the short-term bull-bear divide. The current price is running above the middle band, indicating a relatively strong short-term trend. For future operations, maintain the strategy of buying on dips with long positions.

BTC pullback to around 63000-62500, go long, target 64300-65500.

ETH pullback to around 1760-1730, go long, target 1830-1900.

#GT二季度销毁257万枚 $BTC ‌$ETH ‌