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The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.

## BTC
Summary: The market is currently oscillating within a range, unable to break above $30,480 USD or below $29,500 USD. As it remains uncertain at these higher levels, a high-sell, low-buy strategy can be employed to position oneself for potential gains. Breaking above could indicate a further rise to $36,000 USD and eventually $40,500 USD, while a drop below $24,000 USD may signal the end of this year's rebound.
![](https://gimg2.gateimg.com/image/article/1689910205BTC.png)

## MC
Summary: Yesterday's suggested entry points were between $0.2050 USD and $0.2087 USD, with the target at $0.2726 USD. The highest achieved was $0.2736 USD, resulting in a profit of 32.92%. Consider holding at the neckline level of $0.2087 USD.
![](https://gimg2.gateimg.com/image/article/1689910224MCU.png)

## FIL
Summary: Bitmain's launch of <a href="/price/filecoin-fil" target="_blank" class="blog_inner_link">Filecoin</a> mining machines led to a convergence on the hourly chart, securing $4.65 USD. There is a chance for further gains to $4.8285 USD and even $5 USD. Employ a risk-reward strategy for lower entry points, and maintain positions if the support holds.
![](https://gimg2.gateimg.com/image/article/1689910239FIL.png)

## OPIUM
Summary: Having reached an all-time high of $28.58 USD, the current value is down 99.70%. A historical investment of $1000 USD would now be worth only $1.3 USD, signifying potential high returns for those investing $1000 USD at the moment, possibly up to 36945% or nearly 370 times. Suitable for high-risk investors to keep an eye on.
![](https://gimg2.gateimg.com/image/article/1689910254OPIUM.png)

## ARKM
Summary: A significant rebound opportunity is approaching. Utilize the Fibonacci sequence, considering 0 as the starting point for the rally and 1 as the short-term target. Identified support levels are $0.6245 USD, $0.5920 USD, and $0.5608 USD. For current positions, potential upward targets are $0.6212 USD, $0.65 USD, and $0.6906 USD.
![](https://gimg2.gateimg.com/image/article/1689910269ARMK.png)

## BAT
Summary: A mean reversion is taking place, and the trend is expected to last until the end of July or the beginning of next month. Employ a risk-reward strategy for lower positions. The upward targets are $0.2145 USD, $0.2221 USD, $0.2307 USD, $0.2435 USD, and the peak at $0.2597 USD.
![](https://gimg2.gateimg.com/image/article/1689910283BAT.png)

## GT
Summary: The daily support recently touched $4.1888 USD, indicating a possible head and shoulders pattern in the short term. The mid-term resistance level is at $3.6040 USD, while the ultimate resistance is still holding at $28.56 USD, with further targets at $39.15 USD and $45.05 USD.
![](https://gimg2.gateimg.com/image/article/1689910300GT.png)

## ETH
Summary: The overall structure is maintaining a retracement within the ascending trend, with crucial support at $1,857 USD. A drop below this level could lead to a significant downturn, while breaking above the key resistance at $2,036 USD might signal a bullish trend. The mid-term target is set at $2,358 USD upon surpassing $2,036 USD, indicating a turning point.
![](https://gimg2.gateimg.com/image/article/1689910314ETH.png)

## BNB
Summary: The market is retracing within a converging upward trend, challenging the neckline level at $246.10 USD. Short-term trend appears bullish, but monitor if it breaks below the converging support. The first rebound target at $260.10 USD has already been achieved, with further upward targets at $267.5 USD and $285.3 USD.
![](https://gimg2.gateimg.com/image/article/1689910325BNB.png)

## COMP
Summary: A four-hour "W" bottom pattern has formed, with the first resistance at $77.84 USD. A clear breakthrough could lead to further gains at $81.77 USD, $85.70 USD, $91.29 USD, and eventually the peak at $98.41 USD.
![](https://gimg2.gateimg.com/image/article/1689910338COMP.png)

## BCH
Summary: The four-hour chart continues to ride along the descending trendline, with short-term resistance at $256.20 USD. Failure to break above could indicate a bearish signal, and a risk-reward strategy for short positions can be employed. The maximum resistance level stands at $210.83 USD.
![](https://gimg2.gateimg.com/image/article/1689910352BCH.png)

## XRP
Summary: The four-hour chart encountered resistance at $0.8639 USD. Watch closely for a potential break above the previous high of $0.9380 USD, which may lead to further targets at $1.0105 USD, $1.3705 USD, and $1.9755 USD. Pay attention to whether the crucial resistance at $0.8639 USD is surpassed.
![](https://gimg2.gateimg.com/image/article/1689910366XRP.png)

## ID
Summary: The four-hour chart continues to ride along the descending trendline, with attention on whether it rebounds at $0.3105 USD resistance. Utilize a risk-reward strategy and consider exiting if it drops below the support level at $0.2460 USD. The medium-term targets are $0.3618 USD, $0.4404 USD, and $0.5250 USD.

## LTC
Summary: Continue to observe whether it reclaims $93.39 USD. The short-term market is currently uncertain. The upward target is set at $104.02 USD, and a sustained hold could lead to further challenges at $126.26 USD, with resistance at $128.15 USD.

For more details, please follow W-Strategy | post account:
https://www.gate.io/post/AxMRBAQDWVVVBl9QQgO0O0OO0O0O555



<div class="blog-details-info">
<div>Author: **W-Strategy**
<div class="info-tips">\*This article represents only the views of the author and does not constitute any investment suggestions.
<div>\*The article’s content is original and the copyright belongs to the author. If reprinting is required, please indicate the author and source. In all cases, legal action will be taken due to copyright infringement.
</div>

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The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

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