After full adjustments in June and July, Bitcoin is preparing to break through 72,000 or set a new high. As time goes by, the closer the US dollar rate cut is, the better it is for Bitcoin. In the accumulation stage before setting a new high, the lowest adjustment level of Bitcoin should be above 63456. In other words, Bitcoin will be in the range of 7.1--6.4 for a period of time, and the lowest adjustment level will be about 64,000. Before Bitcoin stands at 72,000 or sets a new high, the callback above 64,000 is an opportunity to enter the market. $BTC
At present, it has rebounded slightly as expected. We need to observe whether it can stand on a strong and weak watershed in the short and medium term. It is currently around 62. If it stands effectively, it is expected to rebound to 64~65 at a larger level. $BTC
The market fluctuated horizontally in a range, and it will take time to become relatively weak. It is estimated that it will take until Sunday or Monday to officially reverse the mid-term downward trend. Ether and sol are moving relatively strongly, affected by ETF news, but the rebound of ether has been suppressed by the trend line. The upper 3500~3550 is a resistance area. It is generally impossible to take the initiative to estimate upward, and the required strength will be very Big, it is better to wait for time to resolve. The same is true for Sol. The stretch affected by the news has now reached the cycle resistance level. It will still take some time to get out of the break if it wants to further reverse the trend. Personally, I think waiting until Sunday or Monday will give you a good mid-term entry opportunity. $BTC $ETH $SOL
It has started to stabilize and enter a rebound mode, but it is actually a short-term mode at present, and there is no high-certainty pattern opportunity. Although Bitcoin is currently in a medium-term weakness, this wave of relatively smooth decline may flatten or rebound at any time, while Ethereum is not good in the short term, but it is still above the key price in the medium term and there is news about ETFs that may support it at any time, so there are too many uncertainties. $BTC
The short-term adjustment of Bitcoin has ended and it has begun to expand upward. It is expected that it will continue to fluctuate and rise in the next few days. Long positions are held. After the situation is sorted out tomorrow, the stop loss can be moved up to the break-even price. In theory, if the short-term expansion is too fast, the profit can be taken around 71,000. Close to 71,000, I personally choose to take profits and wait for the consolidation to fall back before considering entering the market. The overall judgment is still $BTC