Bitcoin still reached the 66,000 point position. According to the posting of the article yesterday morning, we first looked at the pullback. When the daily line closed at around 65,000, there was a pullback to 64,000 points in the early morning. The amplitude was very small and it rebounded directly. Both four-hour lines in the early morning closed with golden needles and rebounded. This four-hour line directly opened at 66,000 points.
Today we focused on it. Erbing is still in the double top position near 2500 points. Today, the big cake rushed to 66000 and there was no reaction from the second cake. There was no movement from the copycat side. The market began to expand and everyone started to look forward to the big bull. Objectively speaking, whether it is a big bull or a real bull, it still needs a turning point, which has not appeared yet.
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Today's highlights
After BTC touched 66,000 points, let's see how strong the retracement will be today. First, look at the 64,000 point line. If the retracement is strong today, it will directly break 64,000 and we have to pay attention to the 62,000-63,000 range. Now it has been rising continuously for four hours. It mainly depends on the strength of the retracement today and tomorrow. Whether there will be a turning point tomorrow on the 18th is more critical. 66,000 points is currently a barrier position and a turning point in the previous rebound. Pay attention to controlling risks, especially for contracts, which have large fluctuations. Regardless of whether you are long or short, pay attention to stop loss.
The ETH daily and four-hour levels near 3500 points are combined with the double top position on July 1. The four-hour volume is not very strong. Today, the focus is on the retracement. The strength of the retracement will be synchronized with the trend of Bitcoin. The first defensive support position focuses on the intraday support of the 3380-3420 range. The effective intraday support position focuses on the 3300-3360 range compared with the 62000-63000 range of Bitcoin. Second, if Bitcoin is weak, the copycat will be weak. Now the strength of Bitcoin is the same as the trend in the first half of the year. There is no narrative volume performance in the market. It is just that Bitcoin is simply strong, and it is best to control risks.
Are you ready to skyrocket? 3 cryptocurrencies that will achieve 100x returns in the bull market!
SUN
Solana is currently trading between $134.38 and $160.92, showing a strong bullish signal. The nearest resistance at $162.06 is in sight, suggesting a possible breakout. SOL’s 10-day simple moving average is $152.15, which remains above its critical trendline. The RSI is 71.76 and the Stochastics is 86.50, suggesting that it is close to the overbought region, but the coin has surged 56.16% in the past six months.
NOT
Notcoin (NOT) is currently trading in a range of $0.0133 to $0.0174. Despite the recent decline, the bulls seem ready to take over as seen by the 12.43% increase in the past week. The price increase of more than 700% in 6 months also suggests strong growth potential. If the bulls can break the nearest resistance at $0.0197, the next target is $0.0238, which will mark a significant rise. The relative strength index (RSI) is close to 63, suggesting that there is room for upside before hitting the overbought zone.
ZK
Despite the recent decline in the cryptocurrency market, zkSync (ZK) is showing good signs. The token is trading between $0.14 and $0.18, up nearly 13% in the past week and a staggering 75% this month. Bulls are stepping in, supported by the 10-day moving average at $0.17. The nearest resistance is at $0.20, followed by $0.23, which implies a potential growth of up to 35%. With an RSI of 61.44 and a Stochastic value of 72.36, it looks like zkSync will continue its uptrend.
