July 1st Midday Bitcoin and Ethereum Trading Suggestions and Direction Sharing

Don't let the market define your value. Your composure, learning ability, and adaptability are the eternal assets that help you navigate cycles. Just like changing seasons, lows give birth to new growth, and highs remind us to stay humble. Amidst volatility, keep your inner lighthouse shining bright because the most lasting wealth is a stable soul that remains calm in any market condition. Looking back at the morning market, Bitcoin initially rebounded from around 92,900 and stretched up to near 93,700, then faced resistance and declined to support at 92,000, effectively halting the fall. This indicates a trend of initial rebound followed by decline. Therefore, our bullish outlook in the morning was justified. We followed this strategy, taking small profits and exiting once the trend showed signs of reversal. If the trend is not right, we immediately retreat.
From the current market situation, the 4-hour chart shows a pattern of two bearish candles engulfing a bullish candle, indicating ongoing battle between bulls and bears. The trend is slightly weak but not fundamentally changed. The Bollinger Bands are converging, with the upper and lower bands moving closer, suggesting the short-term trend may enter a consolidation phase. The moving averages remain neutral. On the 1-hour chart, from early morning to midday, a strong rebound pushed prices to a high point, followed by two consecutive bearish candles that corrected the move. The first attempt to test support below failed, leading to a rebound correction. Currently, prices are fluctuating around 92,900, below the middle band. Overall, the market at this time yesterday was similar, showing a pattern of more bears than bulls. The middle and upper bands act as resistance in the short term, while the lower band can serve as support. Therefore, Zhao’s midday trading advice is to focus on buying near support and retracements.
Bitcoin around 92,800 to 92,300 can be bought, watch for 94,000.
Ethereum around 3,270 to 3,240 can be bought, watch for 3,350.