7.20 Morning Thoughts

Monday morning Hangqing fully matched expectations: first a round of a pull-up, and the subsequent pullback adjustments were also anticipated. Now the big one is oscillating back and forth between 64,300 and 65,000, while the second one is simultaneously holding steady at 1,830–1,850.
Judging by the overall trend, it’s a standard upward continuation: spiking up and then pulling back, with continuous new highs; each time there’s a correction, the low point is higher than the last; the overall focus keeps moving upward, and the top-of-tape trend is very solid. Now the big one is pulling back to around 64,000. On top of that, the expectation that the rate hike would be delayed has already materialized, with funds continuing to flow back. The macro environment provides strong support, and the market itself also needs a rebound. This week, there’s a high likelihood of continuing to move upward.
Morning reference
The big one around 65,000 can go directly long; target 65,500–66,300
The second one around 1,900 can go directly long; target 1,940–1,980#ETH站稳1900美元 $BTC $ETH