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7.13 Morning BTC/ETH market🍜 analysis Poet’s views
Weekend trading surged and then pulled back. Now both BTC and ETH have entered a critical digestion and consolidation phase. This sideways range is not the end of the trend—it’s a “gear shift” for the next push. The more tightly the spring is compressed, the higher it will bounce.
From the 4-hour chart, although there are disagreements at high levels, the overall focus still remains upward, and the uptrend for longs is not broken. At this time, don’t chase or panic-sell. In a choppy market, the most taboo thing is slapping both ends. Waiting for a breakout signal is the way to go.
Recommendations
ETH: Pay close attention to the gains and losses of the 1800-1805 area
1. If a pullback to 1795-1800 does not break, you can try a short long to catch a rebound.
2. Wait for the body to stabilize above 1810 before following in; the target is the prior high at 1830 and 1850 after a breakout.
BTC: The dashed line in the chart marking 63779 is the watershed between bulls and bears
1. Wait patiently for a pullback to 63500-63600 and consolidation before going long.
2. The first target is to return to 64200-64500.
3. If it strongly breaks through and holds above 64700, you can look for a higher line up to the 65000 round-number level. $BTC $ETH