Bai Qi & Guan Yuyu: 6.7 BTC and ETH's latest trend forecast analysis and operation strategy today

—— BTC ——
BTC is currently showing a top structure on the daily chart from the K-shape perspective. If the price closes below 70000 and forms a bearish candlestick, it will confirm the top structure. On the other hand, if the price breaks above 71800 and forms a bullish candlestick, the price will continue to rise. There may be a need for a second retest confirmation based on the 2-hour chart. For short-term trading, you can focus on trading within the range of resistance and support. The key levels to watch in the near term are 72350-74100 on the upside and 68983-69294 on the downside. It is also important to see if the range of 70850-70450 can provide effective support. In terms of structure, the bottom red area in the chart has formed a bottom pattern, and the yellow line 1 indicates an upward slope, while the yellow line 2 indicates an accelerated upward trend after the retest. Please pay attention to whether the yellow line 2 can provide effective support when the price retests it. Also, pay attention to the accelerated trend if the price breaks below the support of the yellow line 2.
Trading Ideas: Long Order: Buy at the 70850-70450 range, as long as the entity doesn't fall below this level. Take long positions when there is a bottoming signal on the 5-minute or 30-minute chart. Long Order: Buy at the 69300-69000 range, as long as the entity doesn't fall below this level. Take long positions when there is a bottoming signal on the 5-minute or 30-minute chart. Short Order: Short when there is no breakthrough after a rebound at the 72350-74100 range. Pay close attention to the breakthrough of the yellow slope line 2 in the chart and the resistance at the 72350-74100 range. Also pay attention to the top formation signal on the 5-minute or 30-minute chart. Please keep as it is.
—— ETH——
Recent focus: the range of 3870-3910 above, the range of 3700-3720 below. It is still necessary to pay attention to whether the range of 3820-3840 can provide effective support. Structural form: After the appearance of the yellow sloping line 1 in the chart, the K-line formed a bottom head and shoulders pattern. After the break and stretch of the head and shoulders pattern in the chart, the yellow sloping line 2 is given, and the yellow sloping line 2 forms a convergent triangular pattern with the pressure range above. Points for attention: Whether the price retraces the yellow sloping line 1, and whether the yellow sloping line 1 provides effective support. Pay attention to the accelerated market after the triangle breaks and the retracement neckline position.
Trading strategy: Long: If the price does not fall below the range of 3760-3780 and a bottom formation signal appears on the 5-minute or 30-minute chart, go long. Short: If the price fails to break through the range of 3870-3910 and a top formation signal appears on the 5-minute or 30-minute chart, go short. Key focus: Whether the yellow slope line 2 support is effective, the accelerated trend after the convergence triangle breakout, and the retest of the neckline around 3830.
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