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 road is tough, but the scenery is beautiful. Do not forget the original intention, and you will reach the end.

2024.7.11 BTC————————

It is quite obvious that Bitcoin has the idea of accumulating power for an outbreak. The short position above 59500 set yesterday was just a little off, otherwise the overall profit would have been very considerable. Currently, there are signs of a shooting star on the daily chart, with significant selling pressure at the high level. The brief upward movement seems unable to conceal the painful downward trend. The daily support at 57100 remains effective, and attention is also advised at the 60300 level. In the short term, the price is currently running within the Bollinger upward channel on the four-hour chart, with short-term support at the 57000 level. If the support is broken, attention will need to be paid to the support strength at the 54500 level, with resistance at 60100 above. On the hourly chart, the price has entered a downward channel, and attention is advised at the 58200 resistance for a bottom reversal, with support at the 56100 psychological level. In summary, it is suggested that Bitcoin will continue to rebound steadily in the future and go short.

Pending order:

Short at 59800-60300, defend at 600 points, target 600-1200 points

(The strategy can only be used once, and the placement can be arranged at your discretion)

2024.7.11 ETH————————

The short position set at the 3150 level yesterday still has some profit potential. Congratulations to the followers! The overall trend of Ethereum on the daily chart has not changed, and the support below has moved up. Attention is advised around the 3050 level. The daily resistance is around 3200, fluctuating by 20 points. On the four-hour chart, the Bollinger bands are opening upwards, with support at the 3040 level in the upward channel, and resistance near 3250, with some confusing support around 3070. On the hourly chart, the price is currently in a slow oscillating upward trend, maintaining a narrow range oscillation between 3060-3130. In summary, it is suggested that Ethereum will continue to rebound steadily in the future and go short.

Pending order:

Short at 3220-3180, defend at 50 points, target above 50-100 points

(The strategy can only be used once, and the placement can be arranged at your discretion)

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 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 knowledge of candlestick charts, 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 carries its own risks, and caution is advised when entering the market.

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