7.21 Monday

Good afternoon, everyone!

A new week begins. Looking back at the overall market trends, Bitcoin has been fluctuating in a high range for many days. The overall market structure is mainly focused on pullbacks. Ethereum continues to lead the market, having rebounded from around 3480 after the pullback at midnight on the 19th, currently pressing up to around 3820. We also publicly advised our fans to take a low long position for a decent space and profit. This week, keep an eye on the direction of the overall market, considering entering based on the range fluctuations or a sideways supplementary rise.

The pancake rebounds at a low position, consolidating again at a high position. If it stabilizes at the current price of 1180-1185, the next step will be to continue moving upward towards the two positions near 1195-1205. As previously emphasized multiple times, the main resistance is still at 120,000, while the support below is still at the positions given a couple of days ago, around 1172-1168. For a steady defense, watch around 1162.

The sentiment for the concubine is currently high, with a slight pullback around the rebound high at 3740-3720. If it does not continue to decline, consider taking a long position on the rebound around 3690-3680, with a stop-loss near 3630-3620. The initial upward targets are around 3790-3830, and if it breaks above, then look at the two levels around 3880-3920.

Overall, the Silk Road suggests a low buy on the dip today. I will share the market direction whenever I am not busy each day. #以太坊突破3700 #山寨币爆发 #NFT市场回暖