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7.20 Linmu mid-day BTC/altcoin strategy analysis
From short-term trend observations, the pullback to around 64,500 is more often viewed as a benign correction in an uptrend. Notably, on the 4-hour level, the Bollinger middle band is providing strong support; the price is running closely along the middle band, and the KDJ indicator at low levels is about to form a golden cross, with bearish momentum clearly weakening. It is expected that the market will build a base around the 64,500 area; once it stabilizes, upside space will open.
Trading ideas:
BTC: After a pullback to 64,300-63,800 support, go long, targeting around 65,600-66,300
ETH: After a pullback to 1,850-1,825 support, go long, targeting around 1,910-1,950 near#GUSD年化升至3.8% $BTC $ETH