A new week begins, and it marks a new start. After last week surged to highs and faced pressure, and with multiple pullbacks testing support, the market overall has formed a ranging (consolidation) pattern. The positive side is that both the lows and the highs are gradually lifting, and the bullish structure is also slowly taking shape. The larger timeframe bottoming structure is being completed step by step. As for last week’s Lao Xiao’s daily assessment of the market—it was also quite perfect, with a win rate of 80% or higher. Friends who are iron-fan followers of the Gèn trigram, you should believe you’re going to get the hugs you want, right? This is the trust feedback earned by choosing to believe in Lao Xiao.

At present, looking at the 4-hour structure chart: within this ranging pattern, the lower support has been slowly rising, which is the start of a standard uptrend. Over the past two days of the weekend, the market has also been ranging and moving higher, returning to operation within the trend line. Right now, the key resistance area above—656-672—still needs to be monitored at all times. This zone is considered the watershed between bulls and bears: a breakout would trigger faster upward acceleration for the bulls; if it remains under pressure, it will continue to pull back to support and build up energy. From any perspective, there is no disagreement with a bullish outlook from a subjective viewpoint. So for the next phase, it only needs to keep buying on pullbacks at lower levels.

Today's trading suggestions (7.20 Monday)
Personal view: Buy on the retracement to the 64000-63400 range for BTC, target 65600-66200
For ETH, buy on the retracement to the 1830-1800 range, target 1900-1940#USDT充值理财双重奏 #ETH站稳1900美元 #比特币