Director's 1138th original daily market analysis
2023 .7 .16
1. Market sentiment:
2. Chart structure:
1、#BTC
#BTC 1H structure:
At present, the big cake is in the second rebound, but the second rebound is in a horizontal oscillation trend. In other words, there is a probability that the previous 1H decline has not ended.
Regardless of whether it ends or the second rebound, there will be a third decline. So based on the current situation, there is at least one more decline to go.
Of course, the possibility of a V-reversal trend cannot be ruled out. Normally, the possibility is small, so we can only use stop loss to avoid low-probability events.
#BTC 15F structure:
Currently, the 15F structure of the big cake has become a straight line without too much fluctuation. Here, my personal suggestion is to just watch more and do less, and wait for another wave.
The overall large-scale upward trend has not changed much. Please wait patiently. It has become a straight line. I can’t say anything more.
2、#ETH：
#The structure of ETH 1H:
The price has not yet fallen below the yellow support line, so there is no big problem overall.
After breaking through, it continues to look for support downwards and becomes a straight line. We can only wait patiently for the arrival of fluctuations.
Watch more and do less. Just wait patiently.
4. Warm reminder: Investment is risky. For investment with spare money, remember to never fully invest and do not take loans. We only provide information, which does not constitute buying or selling advice. Buying and selling is free and risks are borne by yourself.