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7.24 Building a Base in Storage, BTC/Gold Preparing a Bounce
1. The Hang Seng Index and the storage sector are in a bull-market correction. 6482 is expected to become the low point of this round of pullback, with the goal of first climbing back to around 8200.
2. BTC will first trade sideways and then rally. The range-bound movement between 62,000 and 68,000 will continue, and after the consolidation, a stronger rebound is expected.
3. Gold has been in a prolonged decline and is now starting to form higher lows. The downtrend for shorts is coming to an end. After another one or two weeks of consolidation, a strong rebound is expected.