The more diligent, the more effort; the more disciplined, the more excellent. I am Hongwei, focusing on the trend analysis of mainstream coins, providing insights based on my own technical analysis. The fundamental of trading is survival, and only then comes profit. Therefore, before each operation, think clearly about whether your actions are reasonable and whether your capital is safe. You need to form a trading strategy that belongs to you, continuously optimizing and improving it. Although Hongwei's suggestions on coins may not make you rich overnight, they can ensure your presence in the market. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you can understand.

Recently, there have been continuous positive news for Ethereum, while Bitcoin has been stuck in long-term consolidation. From the weekly chart, the MA5 position still has strong attraction. Last week, Bitcoin's maximum retracement was to the 1050 range, and this week it is around the 1087 position, likely to touch the MA5 at 1063 or 1065.

Since Bitcoin and Ethereum generally trend in the same direction, usually rising and falling together, Ethereum may experience a rebound during Bitcoin's consolidation. Therefore, if Bitcoin retraces to 1063, it would be a good strategy to combine it with the specific position of Ethereum at that time to set up a long position.

From the technical indicators:

- On the weekly chart, momentum is showing a reduction, and the Williams indicator is at a relatively high position of -9;

- The 4-hour chart has bullish signals, with a preliminary MACD golden cross forming, but momentum is weak and short-lived, with the Williams indicator around 41;

- The 15-minute chart is currently in a consolidation phase, oscillating in the 1085-1090 range last night, and this morning it dropped at the 1090 position. We need to pay attention to whether it can break through 1085, and then look towards lower points like 1074.

Observing Bitcoin's recent trend, the highs are continuously declining, first to 1100, then 1096, and 1091. This indicates a high probability of retracing to the Fibonacci 0.618 position (1071), which is also close to the weekly MA5 at 1065. In summary, we still maintain a bearish judgment.

Hongwei's coin strategy sharing for July 7-9, today's strategy is as follows:

Enter a short position for Bitcoin at 108800-108500, add to the position at 109500, take profit at 107500-106500.

For Ethereum, look to set up long positions after Bitcoin's pullback, suitable for long-term holding.

—— I am Hongwei, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! Let's exchange ideas and profit together! Remember Hongwei, always here for you, follow Hongwei and you won't get lost! [The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Hongwei's real-time strategies.]

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