7.15 BTC/ETH mid-day thoughts



BTC’s uptrend that started around 65,700 has formed a complete rising structure and has broken through the prior wide-ranging consolidation range. The uptrend that started from 61,800 is also complete; currently it’s only the first leg of the move. After confirming the E-wave, wait for the second wave pullback. Pullbacks back to the 63,600–63,400 support zone are the opportunity to get on board. The overall direction remains bullish.

ETH is stronger. It rose from 1,500 to 1,800, then went through a wide consolidation. Yesterday it confirmed that the correction had ended and started the next upswing. On the smaller time frame, it has formed a complete rising trend structure, with support around 1,820. The first wave moved very strongly; if a second-wave pullback appears, the subsequent third wave could break through the trendline resistance, and the upside may exceed expectations.

Trade plan

BTC pullback in the 63,600–63,400 zone: buy dip with targets at 64,000–64,500
ETH pullback in the 1,820–1,830 zone: buy dip with targets at 1,860–1,880$BTC #比特币
BTC0.12%
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