Market laws, twists and turns, cycles of change, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. The journey may be arduous, but one must not forget their original intention to achieve success.

2024.7.16 BTC————————

Yesterday's Bitcoin layout was not perfect, and the overall practical team members suffered small losses and exited. The strong four consecutive positive days on the daily chart broke the previous downtrend and stabilized above 61000, forming a bullish trend at the daily level. After a strong breakthrough of the 63100 suppression, it is suggested to pay close attention to the support near 63100. In the short term, the four-hour Bollinger Bands are opening upwards, and the price is running within the upward channel. The key support and pressure levels are still focused on the 61000 level. Additionally, the KDJ's J value has been running in the oversold zone for a long time, so a decline may also break through momentarily. In the short term, the support level is focused on the 63100-62500 range, and the Bollinger Bands have opened for the second time with increased volume, indicating strong bullish momentum. In summary, the suggestion for Bitcoin's subsequent pullback is to focus on long positions.

Pending orders:

Long at 63100-62600, defend 400 points, target above 500-800 points

(Strategy activation can only be used once, arrange the take-profit on your own)

2024.7.16 ETH————————

Ethereum broke through 3310 on the daily chart and stabilized its position, once again reaching the previous high of 3500. It is suggested to pay attention to the support near 3360-3380, and of course, you can focus on the support level at 3310. In the short term, the four-hour Bollinger Bands are severely opening, and it is not recommended to focus on the 3500 integer level due to high-level suppression. It is suggested to focus on the 3580 level. On the hourly chart, the overall price is in a strong upward trend, with the MACD volume indicator slightly lagging behind. Pay attention to whether the pullback at the 3380 level can be supported. In summary, the suggestion for Ethereum's subsequent pullback is to focus on long positions.

Pending orders:

Long at 3380-3350, defend 35 points, target above 50-90 points

(Strategy activation can only be used once, arrange the take-profit on your own)

This article is exclusively written by senior analyst Qin Chuan. He has been researching the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control. His operating style is steady and decisive, and he is recognized by many investment friends for his amiable and responsible character. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this information is at your own risk. Investment carries risks, so market entry should be cautious.

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