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Market Insights
As expected, a rebound occurred after hitting the EMA200.
The lower blue line (1H EMA200) dipped and closed at 4 AM this morning, and the market entered a rebound over the weekend. In fact, given that large holders were continuously offloading last week, the weekend may not necessarily be unfavorable for the market. This is because potential large holder selling pressure/OTC might take a brief pause, reflecting the market's natural response.
After 117200, we still hope to test upwards towards 123200. TP1 might be in the 121000 range.
Altcoins also saw a significant pullback yesterday, and I believe dips are still for buying. I have increased my positions in BONK, POPCAT, and WIF FARTCOIN.
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The market is as expected, first testing down to 117400 (entering the range with a difference of 100 points), then testing up to 121000 (the perfect intraday top target area).
The long position at 117 should reduce holdings after reaching 121000 and leave some in play for the new high range.
17.7. klo 13.19
Market View
During the day, there is a possibility of either ① testing upwards to 120500-121500 or ② probing the bottom at 116800-117300. If it probes down, it should be a genuine rise afterwards, likely the last wave attacking above 123000, expected to reach the range of 126000-130000. There is also the possibility of ③ not probing down and directly attacking upwards.
Subsequently, BTC may consolidate while ETH targets the range of 3520-3570; if there is no reaction here, then it will be the range of 3900-4100.
For ① in the range of 120500-121500, BTC long positions should take profit on half or all (for the day), while long-term can keep half of the position. For ②, go long near 117000. For ③, above 126000, it is recommended to close all BTC long positions for both long and short term.
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Market View
During the day, there is a possibility of either ① testing upwards to 120500-121500 or ② probing the bottom at 116800-117300. If it probes down, it should be a genuine rise afterwards, likely the last wave attacking above 123000, expected to reach the range of 126000-130000. There is also the possibility of ③ not probing down and directly attacking upwards.
Subsequently, BTC may consolidate while ETH targets the range of 3520-3570; if there is no reaction here, then it will be the range of 3900-4100.
For ① in the range of 120500-121500, BTC long positions should take profit on half or all (for the day), while long-term can keep half of the position. For ②, go long near 117000. For ③, above 126000, it is recommended to close all BTC long positions for both long and short term.
This article is sponsored by #BCGAME | @bcgame @bcgamecoin
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Haki Light, are you trying to use the power of reverse indicators to bring CRV down?
17.7. klo 09.05
Everyone, quickly go long on CRV. This coin has been rising every day recently, it's really strong, and I estimate it will continue to rise.
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