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Today is Sunday, and I estimate that a market turning point will occur in the next two days. Let me add my thoughts on the after-hours.
7.27 after-hours
①Ether:
Ethereum successfully broke through 3750 today and is on track to test the previous high. As of this post, the previous high of 3857 was tested but failed to break through. The current highest point reached is 3840, forming a double top. However, Ethereum is still within the upward channel. We will continue to observe whether the previous high of 3860 can be broken and held. If it successfully breaks through, it will continue to rise toward a new high in this round. If 3860 cannot be broken in the next couple of days and falls below the upward channel and 3750, then Ethereum will weaken and will need to align with a daily death cross for a pullback.
② Bitcoin:
The Bitcoin is currently still under the pressure of the second downward trend line. We can only expect an upward movement if it breaks through; otherwise, it will continue to decline. For other support and resistance levels, just look at the chart. Today, someone said v0 is not good, I defended v0 but got told by a v5 to go screw in some bolts 🤣 I don’t want to share any other opinions tonight, so that's it.
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