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It is reported that the SEC finally replied to the issuance, asking them to return the final S-1 file (including fees) on Wednesday and apply for effectiveness after the Monday closing, so that the issuance will be on Tuesday, July 23rd." ETH broke through the previous strong resistance at 3420 and tested the current high at 3500, while BTC broke through 64500, leaving bearish traders completely confused. This four-month continuous oscillation and decline wave was unpredictable for anyone, especially the wave down to 53000, which almost completely harvested the long positions above! Similarly, the bottom of BTC has accumulated a huge amount of short positions, waiting for the opportunity to strike. What would you do if you were the trader? The bottom has been completely harvested, is it time to continue harvesting upwards? If BTC suddenly starts a U-shaped reversal from now on, rebounding to above 72000, then the entire market will have $5.6 billion of profits waiting to be harvested. Would you be tempted? Would you suddenly start a rebound?


BTC's one-sidedness yesterday can be said to be completely hooked on the market sentiment of Trump's approval rating. It stretched all the way in one direction. As mentioned earlier, if the trend breaks 61200 and stabilizes, it will turn long from short. The daily Candlestick directly broke the EMA trend indicator resistance level 62800 and stood at a high level. MACD increased volume and raised funds. DIF and DEA opened upward at a low level. KDJ spread with a trumpet mouth. The downward channel of the Bollinger Bands was lost, and the upper resistance level of the Bollinger Bands was raised to 64500. The overall trend reversed. The four-hour Bollinger Bands opened upward and the Candlestick continued to stretch around the upper resistance level and reached the vicinity of 64000. A direct line was drawn from the recent high of 72000 to the lowest line of 53000 to find the 0.618 resistance level of 64850. This position is found as an entry point. There are two positions for the callback, one is the EMA trend indicator support point in the range of 62700 to 62500. The main idea is to go long at a low position.


The highest point of the ETH market Candlestick has reached around 3500. Since the overnight oscillation platform of 3180 two days ago, there has been a trend of going long. It has stretched unilaterally with four consecutive bullish Candlesticks directly breaking through the EMA top resistance level of 3420, now turning resistance into support, directly forming a U-shaped reversal to pull back upwards. The MACD volume has increased significantly, with the DIF and DEA showing a standard Long pattern. The KDJ is stretching upwards, and the Bollinger Bands are showing a reversal. Pay attention to the major resistance level of 3565, the four-hour Candlestick continues to stretch, and the EMA trend indicator is showing a Long trend. Now the pressure has turned into support, the MACD volume continues to increase, and the duration of the increasing trading volume is too long. The Bollinger Bands are opening up, and the Candlestick continues to stretch around the upper rail, reaching around 3450. In terms of trend, it has turned from short to long, so the operation can focus on Long around the support level.
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