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#BTC# 7.16 Evening BTC/ETH analysis
Last night, the bottom building has been realized. From the current market perspective, the rebound of the second coin far exceeds that of the first coin, perfectly verifying the previous discussion on the rotation of bull market sectors.
The bearish momentum over the past 4 hours is gradually weakening, with the KDJ line rising. In the past hour, there was a spike followed by a pullback, showing an overall upward trend with fluctuations. In the evening, we will first look for a pullback before choosing the right time to go long.
Buy the dip near the 118K line for BTC, first target at 120K. If it breaks and stabilizes, then look up to 121.5K, 123K.
The second pancake is at 3100, over 3040. First, let's see if 3.2K breaks and stabilizes before looking at 3.3K and 3.4K.