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Trading ideas for July 15
BTC Good morning everyone! Did those who shorted on the call yesterday make any profits? The big pie has been up for so long, and it still came down as expected. This pullback has currently returned about 5500 points! It really gave the bears a big sigh of relief! As for the upcoming market trends, if 123300 is the peak for this year, I personally feel that there will definitely be another secondary peak, around 122000, followed by another pullback, ending this wave of rising to 120,000!
Getting off track! Back to the market! Pay attention to the price of 120,000 for Bitcoin! If it stabilizes above 120,000 on the 4-hour chart, the market will continue to rise! The resistance levels ahead are 121,100, 122,500, and 123,000, so short positions should be cautious when entering! If the 4-hour chart fails to break above 120,000, the market will need to continue to correct! The support levels below are 117,500 and 116,800! Long positions should be cautious when entering! If 116,800 cannot hold, the market will drop to fill the gap! Pay attention to long positions at 115,200 and 113,800! After a prolonged rally, if there's a significant correction, a cascading effect can easily occur!
ETH has also surged above 3000, and it seems that the pressure is still quite significant! Currently, pay attention to the price of 3000, which is a watershed! If the 4-hour level rebound fails to break above 3000, the market will continue to correct! Support levels below are 2965, 2930, 2905! Long positions should pay attention to entry! If it falls below 2900 again, exit long positions! Continue to wait for long positions at 2880, 2830, 2800! If the 4-hour level rebound breaks and stabilizes above 3000, then the market will continue to look for a rebound! Resistance levels above are 3030, 3080, 3115 for short positions to consider entry!