7.22 crypto world short term

This article was written at 18:46

BTC recently experienced a Rebound after falling to the 53485 level. During this period, the Rebound basically did not give a pullback opportunity. As of now, the highest point of the Rebound is at the 68474 level; Ether also experienced a Rebound after falling to the 2810 level, following BTC. The current highest Rebound point is at the 3562 level; this Rebound basically did not give a significant pullback. BTC Rebound is close to 15000 points, and ETH Rebound is close to 3300 points. This Rebound may have reached its peak, and future trends need to follow the high point breakthrough.
On the daily chart, BTC belongs to shorts dropping and then longs counterattacking. The previous drop refreshed the low point of the short-term, indicating that shorts still have some power. The current Rebound sends BTC back to the high-volatility range. There is still some pressure above, with a chip-intensive area at the previous high. Currently, the resistance level of BTC Rebound is near 68000. After the market reaches this point, there will be a small pullback. Currently, the pressure is still valid. On the short-term, longs need to follow the breaking situation of the resistance level above. The BTC follow point is around 68000. If it is effectively broken, it will once again impact the short-term high point. In terms of trading, you can lay out Light Positions around this point and target 65000-63000. If these two points are reached, then it will continue to go deeper and pull back to 59200. After laying out near the resistance level of 68000 on the short-term, bring a good stop loss to watch the decline and grasp the entry opportunity by yourself.
On the daily chart, ETH did not refresh its low point like BTC in this wave of decline, but rebounded near the previous support level of 2870 and followed BTC in the rise. However, the strength of the rise is not as strong as BTC. During the rise, there is a certain resistance above, and it has not broken through the 3530 level to go towards the pressure at 3730. Currently, the short-term pressure at 3530 is still valid, while BTC has reached the pressure near 68000. If there is a short-term pullback, ETH will also follow. In terms of short-term trading, you can layout a Light Position around this level and look towards 3400 and 3300. If it reaches the 3300 level, it will provide a deeper pullback, and it is expected to go towards 3000. Please seize the opportunity to enter.
short term trading, control the risk, profit and loss self-care;

(Transferred from TV-zhaohongxing
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