The current situation is that #BTC is hanging on the peak and has a Bear candle pattern. #ETH is the same, even looking more Bearish than BTC.
However, a few days ago I saw ETH looking bad but still believed that BTC would support ETH and #Altcoin would continue to rise. I also had a long position on BTC at 118k3 like that.
Today, everything is clearer, the last D1 candle was beautifully green. So I guess on Wednesday or Thursday BTC will continue to push up to at least 122k. At most, it should be around 130k, judging by previous spikes.
In summary: BTC can be longed as shown, but ETH should be avoided because of the very Bearish candle pattern; instead, choose other Altcoins that have already risen early from the first wave and have had a few days of correction (like #Sei #Sui for example). You guys can suggest to me some new high-tech coins to follow :v
- Post in private by Lê Hồng Ti at 12:55 on 23/7/2025 👆
Since I am about to make some riskier assessments, I would like to take a defensive stance first.
This month has generally been good for both #BTC and #ETH as well as altcoins. The BTC trade with a target price of $120k looks good already.
Typically, one would just wait for BTC to correct by $10-20k and then buy again. There’s no problem at all. It’s just that the coins have been behaving unusually over the past few years, so you all might consider this approach.
- Post in private by Lê Hồng Ti at 12:36 on 23/7/2025 👆
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