On July 1st, the long position layout clearly shows Hongwei's precise vision. Currently, the market is surging, and the strategies are being realized one by one. Let's review the market trends from yesterday and today.

Bitcoin daily chart from July 1st to July 3rd

Consistent with what Hongwei mentioned in previous articles, Bitcoin needs to first test the lower line. The MA5 position on the weekly chart is at 1,055,000, and indeed the market came back to test it before rising. It is normal for support to almost break, as the downward momentum is relatively strong, and from the hourly chart, it shows multiple short bearish candles dropping to the position of 105,041, so it will continue to move down for a while, dropping to 1,050.

Then, according to our previous layout, it successfully started to form a large V shape upwards. Everything has a trace to follow.

First, on July 1st, the newly formed weekly line tested the MA5, and unexpectedly, the long-term scenario was realized in just two days.

Furthermore, the long-term consolidation has accumulated a lot of chips, and everyone is eagerly waiting for a market surge.

This is the technique between technical analysis and trading psychology. Everyone should read more of Hongwei's articles to gradually understand.

Following the strategy is the first step, executing it is the second step. The real goal of reading and analyzing is to think with my mindset.

The same principle applies to Ethereum.

Now let's look at today's market and how it continues to move:

• Hourly Level: Recently formed a V-shaped reversal, quickly rising from 105,041 to 109,600 before entering consolidation, currently forming a small box oscillation around 109,300. There is significant selling pressure at the key integer level of 109,500, with short-term support at 108,800. The MA10 position on the hourly chart should see a retest, so friends who are stuck in positions here still have a chance to break even. Holding onto positions comes with the risk of holding.

• Daily Level: On July 2nd, a long bullish candle broke through the previous high of 108,272, confirming the continuation of the upward trend. The current price is running close to the upper Bollinger band, showing strong characteristics. The MACD momentum continues to strengthen, and the upward momentum remains strong.

The sentiment has been built up to this point, making it hard not to break through the previous high again.

Hongwei's Cryptocurrency Update on July 3rd: Bitcoin Layout Sharing

Enter long positions for Bitcoin at 108,500-108,800, take profit at 109,500-110,500-120,500, and add positions at 107,500.

Enter long positions for Ethereum at 2,550-2,600, take profit at 2,650-2,700, and add positions at 2,500.

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although Hongwei's suggestions may not make you rich overnight, they can ensure your presence in the market. Only those who survive in the cryptocurrency space for the long term and persist until the end can achieve the results they desire. I hope you understand.　　　

——I am Hongwei, a teacher focused on technical analysis. Anyone with questions about operations or trends can communicate and learn with me! Let's share and profit together! Remember Hongwei, always here, follow Hongwei and you won't get lost!

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Hongwei's real-time strategies.】

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