Introduction: Investment carries risks, and operations should be cautious.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
This article was written at: Beijing time July 4th, 13:57
Market Information
1. U.S. President Trump: The U.S. economy is in a golden era of strong growth;
2. Trump promises to create a Bitcoin superpower, the CLARITY bill will soon be submitted to Congress;
3. The cryptocurrency fear and greed index rises to 22, market sentiment slightly eases;
4. U.S. President Trump announces that the U.S. Treasury will accept publicly traded stock donations;
5. BlackRock ETF addresses have seen a net outflow for 10 consecutive trading days, totaling 35,980 BTC;
Due to personal involvement in new projects, there have been no timely updates during this period, apologies. Continuous updates will follow, hoping the content in this article can help everyone earn more profits!
Market Review
Recently, Bitcoin has continued to decline, with insufficient rebound strength, dropping to around 57,750 at the beginning of July, breaking the low from February 6 at around 59,900. Currently, the short-term trend is offering a rebound, with the price around 62,470; Ethereum's trend is basically similar to Bitcoin, with a recent low at 1,503, breaking the previous 1,740, and currently the price around 1,750;
Market Analysis
Bitcoin:
On the daily chart, Bitcoin has been declining from the high of 126,173, with several rebounds lacking significant strength, failing to break the downtrend. Currently, Bitcoin's overall trend is in a downtrend; this wave of decline is not over yet, and the accelerated drop after breaking the low around 59,900 has not recovered. There is no need to blindly bottom-fish here. At present, the market is in small fluctuations, and after this fluctuation, further declines will ensue. In trading, it is more prudent to maintain a bearish outlook for layout, following the trend. Consider bottom-fishing only when it starts with a 4. Recommended entry point for short is at 63,600 for a short position, with a replenishment at 64,600, then set a stop-loss at 66,000, with a target first looking at 60,000-59,000. After reaching, assess whether there is a need to continue holding based on the downward strength. Take your own entry opportunity; short-term trading, control risks, manage your own profits and losses;
Ethereum
On the daily chart, Ethereum's decline is relatively significant, having dropped from the high of 4,958 and has broken the support around 2,150. The current low is at 1,503, nearing the previous low around 1,384, indicating that Ethereum is very weak. The likelihood of breaking 1,384 in the future is high, and if it breaks, the price will return below 1,000. Do not hold high expectations for a rebound in Ethereum. Trading is also similar to Bitcoin, maintaining a bearish trading mindset. For short-term entry points, one can short near 1,787 directly and add to the position at 1,870, with the initial target at around 1,560. After reaching, evaluate whether there is a need to continue holding based on the trend. Take your own entry opportunity; short-term trading, control risks, manage your own profits and losses;
In summary:
Bitcoin and Ethereum are currently in a fluctuating downtrend, and trading is primarily based on a bearish outlook;
The article is time-sensitive, be aware of risks; the above is just personal advice and for reference only!
Follow the WeChat public account Crypto Lao Zhao to discuss the market together;
In the crypto world, some people's demands can only be met by fraudsters, everything cheap has to be entirely taken by oneself; only fraudsters can satisfy those.
In trading, not every market wave goes smoothly, and not every transaction is favorable; that is just noise during the pursuit of profit. Rather than pursuing breakthroughs in technology, I pay more attention to psychological development. Most people do not lose to themselves but lose to the self that confines them in a room.
Even if life or trading does not go well, believe that there is light in the world and love among people. Even a small joy in life should be embraced with a smile. Only by overcoming oneself can the future market bring unexpected surprises! Keep going, people in the crypto world.
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