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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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July 11 Live Summary:
As mentioned during the live stream yesterday, if there is a direct breakout without any obvious pullback, go long directly. Those brothers who got on the train have already made profits.
Currently, the overall trend for $BTC is bullish. There's no need to mention the brothers who went long yesterday, but at this position, I do not recommend going long or short if you don't have a position. For BTC, going long should wait for a breakout above 118270 with a second pullback or a strong breakout at the 118270 point like yesterday's large bullish candle before going long.
To short, you need to see the formation of an M-top for at least 1 hour. It has tested around 118270 points multiple times without forming an effective breakthrough, and after the M formation, it has not broken the previous high on the next upward attempt. Therefore, there is a chance to short. The bullish momentum is currently strong, so it is not recommended to place a direct short position.
#BTC# #比特币# #ETH#