Top Trading Master Coin Monarch: In-Depth Analysis of Bitcoin and Ethereum

Ethereum has begun to pull back around the top near 1850! The current market cycle started to rebound from about 1510. After two rounds of consolidation, the first bullish signal appeared at 1550 with "Bottom Support Moving Up Signal Indicating Clear Bullish Signs." Thus, it pulled back again to 1830, resulting in a short-term second round of adjustment, determining a rebound at relatively low levels near 1720! However, the rebound strength is in a bearish weak position regarding recovery values. Therefore, we conclude that the next phase of the market may show signs of breaking below 1720, which will require continued attention. Currently, the overall short-term view is bearish. In summary, we provide the following judgment conclusion:

BTC's first support to watch closely is in the range of 61100-61400. If the price breaks down and the K-line arrangement signals are in a downward trend, there will be a final round of pullback from July 9 to July 20. We can wait for a rebound around the August/September lines.

ETH's first support if 1720 completes the bottom support conversion to top pressure, then the values we retreat to could be significant. Friends who wish to take a long position can continue to work around the 1550 range using a position control and price control method, applying a Martingale strategy to stop losses and then assess the position to wait for the market to start moving.

Top Trading Master "Coin Monarch" publishes real-time market analysis every day! All current price guidance in the village! Limit points! Accurate direction!

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