7.3 Bitcoin and Ethereum Market Trend Review Analysis and Trading Suggestions!

CN
允彦
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3 months ago

Trading philosophy: Look at the trend in the big cycle, find the position in the small cycle.

Technical analysis: Regarding Bitcoin, the daily Bollinger Bands continue to gradually converge downwards, the MACD moving average runs flat, the KDJ line runs upwards, and the bearish volume gradually decreases. On the 4-hour chart, the Bollinger Bands run flat, the market broke below the middle band from the upper band again, the MACD moving average runs downwards, the bearish volume starts to increase, and the KDJ line runs downwards. As for Ethereum, the technical indicators at various cycle levels are basically synchronized with Bitcoin.

Overall, after the market probed up to around 63800 for Bitcoin and 3520 for Ethereum, the market encountered resistance and fell back. Currently, it is in a situation where there is resistance above and support below. The short-term operational suggestion is to sell high and buy low, and wait for the trend to break before following the trend.

Reference:

Long position at 60500-61000 for Bitcoin, target 62000-63000, stop loss at 60000; Short position at 62500-63000, target 61500-60500.

Long position at 3350-3380 for Ethereum, target 3420-3450, stop loss at 3310; Short position at 3450-3480, target 3400-3350.

The strategy is time-sensitive, please refer to real-time guidance for specific details!

Follow WeChat public account "允彦"!

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