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7.5 Bitcoin Ethereum Morning Analysis
From the 4-hour structure, the coin price is running along the upper Bollinger Band and has touched the upper band area. There is some short-term pullback pressure, but it is normal consolidation. The hourly level shows a rhythm of accumulating power to rise, pulling back to consolidate, and then accumulating power to rise again, which is a very healthy upward structure. The probability of a unilateral sharp rally in a short period is low. It is expected that there will be a process of repeated washout next week to shake out weak hands. The medium-term bullish trend remains unchanged. In terms of operation, continue to mainly buy on dips. This rebound is far from over. Broaden your perspective and don't be shaken out at the starting point of the trend.
Operation reference:
Bitcoin dips near 62500, go long directly, target near 65000
Ethereum dips near 1760, go long directly, target near 1850#比特币 $BTC $ETH