Market laws, twists and turns, cycles of change, internal cultivation of the mind, external cultivation of actions, the road ahead is long and arduous. 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. Through hardships and beautiful scenery, do not forget the original intention, and you will eventually succeed.
2024.7.12 BTC————————
The resistance at 59800 for Bitcoin is completely effective, and Qinchuan once again accurately predicts the short position at the high. Currently, the price on the daily chart still maintains a bearish trend. After the double top on the daily chart, the price once again fluctuates around the 57000 level. In fact, there is still some short-term bullish momentum on the daily chart, otherwise the 57000 level would have been broken long ago. On the 4-hour chart, the Bollinger Bands are starting to contract, and the price is staying within the downtrend channel. The first resistance level to watch above is definitely around 57800, and a breakthrough is needed to continue to look at the upward selling pressure at the 59000 level, while the support below is suggested to be around 55800. On the hourly chart, the overall price belongs to a range-bound market, and the range to watch is between 56500 and 58500, a 2000-point range. In summary, the suggestion for Bitcoin in the short term is to continue to rebound and go short.
Pending order:
Short at 58800-59300, defend at 500 points, target above 500-800 points
(The strategy can only be used once, and the placement can be arranged at your discretion)
2024.7.12 ETH————————
The precise short layout at 3220-3180, Ethereum successfully gained a profit of over 100 points yesterday. Congratulations to all friends who followed the actual combat orders! The trend of Ethereum on the daily chart is slightly stronger, and the overall bottom bullish reversal signs are more obvious, so it is important to pay attention to the support strength at 3050 on the daily chart. On the 4-hour chart, the Bollinger Bands are starting to contract, and the resistance above is around 3170, while the support below is around 3010, and 3050 has a certain false support strength. On the hourly chart, if the price can successfully break through the resistance at 3130, it will definitely go to 3150 to test the resistance. In summary, the suggestion for Ethereum in the short term is to continue to rebound steadily and go short.
Pending order:
Short at 3190-3170, defend at 80 points, target above 80-100 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 Qinchuan, who has been studying the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, etc. for many years. Currently, he mainly guides contract operations, with solid theoretical foundation and practical experience, adept at technical and fundamental analysis, emphasizing on capital management and risk control, and has a steady and decisive operating style. He is recognized by a large number of investment friends for his amiable and responsible character and decisive operations. For more real-time investment strategies, trading techniques, operation skills, and knowledge of candlestick charts, please follow the public account: Zhao Qinchuan.
Disclaimer: The above analysis content only represents the author's personal views and does not constitute specific operational advice. Trading based on this content is at your own risk. Investment carries risks, so be cautious when entering the market.
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