Morning Analysis by Xiao A: BTC, ETH, SOL Market Analysis Incoming

CN
3 months ago

Morning market trends may go how? Little A explains for you!

Welcome to ask Little A in the group chat for more analysis: jv.mp/JaQ0CE

BTC

BTC's 1-hour price trend: Down.

Little A Morning Analysis: BTC, ETH, SOL Market Analysis Strikes_aicoin_Figure 1

This is a 1-hour Binance BTC/USDT K-line chart, with the latest price at: 64650.5 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 65000 USDT (price close to 7-period EMA, may have a technical rebound)

  • Buy point two: 64500 USDT (close to the lowest price support level, caution needed if broken)

  • Long stop loss point: 64200 USDT (leave enough space to avoid stop loss triggered by small fluctuations)

  • Sell point one: 65500 USDT (a recent significant resistance level)

  • Sell point two: 66000 USDT (near the 30-period EMA, a strong resistance level)

  • Short stop loss point: 66200 USDT (beyond sell point two, reducing the risk of loss due to breakthrough rally)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-lines show significant price fluctuations, with some long upper and lower shadow lines, such as 08:00 on July 30 and 03:00 on July 31, indicating market uncertainty and strong forces from both buyers and sellers.
    • In the past few hours, especially between 04:00 and 07:00 on August 01, the price experienced a significant decline, with four consecutive bearish candles from 23:00 on July 31 to 03:00 on August 01, indicating short-term market control by sellers.
  2. Technical indicators:

    • MACD indicator continues to be in the negative zone, with the DIF-DEA gap widening, and the MACD histogram showing a deepening trend, suggesting the market may be in a downtrend.
    • KDJ indicator J value is mostly lower than K and D values, and overall in the oversold zone below 20, but no clear golden cross signal has appeared, requiring observation for signs of reversal.
    • EMA indicator 7-period EMA continues to cross below the 30-period EMA, further confirming the short-term downtrend.
  3. Volume:

    • Volume increased significantly during the sharp price decline, such as the volume at 04:00 on August 01 being noticeably larger than the previous hour, indicating fund outflow during the decline.
    • The latest price of 64650.5 is slightly lower than the previous hour's opening price of 64943.3, and the volume of 4249.7940 is lower than the previous hour's 5652.2310, indicating a possible weakening of the downward momentum.

ETH

ETH's 1-hour price trend: Down.

Little A Morning Analysis: BTC, ETH, SOL Market Analysis Strikes_aicoin_Figure 2

This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 3229.94 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 3250 USDT (price close to 30-period EMA support, consider as a short-term buying opportunity if there are signs of rebound)

  • Buy point two: 3200 USDT (below the recent low of 3212.32 USDT, providing a larger safety margin, may attract buying interest if the price further probes this level)

  • Long stop loss point: 3180 USDT (allowing a 20 USDT fluctuation space to avoid stop loss triggered by small fluctuations)

  • Sell point one: 3300 USDT (a resistance area tested multiple times recently, suitable as an initial profit-taking level)

  • Sell point two: 3350 USDT (near the previous high of 3365 USDT, if there is a spike, this level may form strong resistance)

  • Short stop loss point: 3380 USDT (beyond sell point two and leaving enough upward space, reducing the risk of stop loss triggered by small fluctuations)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-lines show significant price fluctuations, with multiple long upper shadow lines (such as 21:00 and 20:00 on July 30), indicating heavy selling pressure at high levels.
    • Between 06:00 on August 01 and the latest price, there are consecutive short real body candles, suggesting the current market may be in a correction phase.
  2. Technical indicators:

    • MACD indicator: DIF continues to run below DEA, and the MACD histogram shows an increasing negative trend, indicating strengthening bearish momentum in the short term.
    • KDJ indicator: J value has declined in the recent periods, but K and D are still in the overbought zone, possibly indicating an upcoming pullback or reversal.
    • EMA indicator: Price has fallen below the 7-period EMA and is close to the 30-period EMA, if the price continues to be below these two EMAs, the medium-term trend is biased to the downside.
  3. Volume:

    • Volume has increased during the price decline (such as at 04:00 on August 01), which may indicate market recognition of the downtrend.
    • Volume has been relatively stable in the past few hours, with no significant surge, indicating consistent market participation and no sharp changes.

SOL

SOL's 1-hour price trend: Down.

Little A Morning Analysis: BTC, ETH, SOL Market Analysis Strikes_aicoin_Figure 3

This is a 1-hour Binance SOL/USDT K-line chart, with the latest price at: 171.968 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 173.5 USDT (Considering the increasing gap between EMA(7) and EMA(30), there may be a short-term rebound. This price is close to the recent low point of the K-line, and can be used as an initial buying point)

  • Buy point two: 171.6 USDT (This is a lower price area that has appeared in multiple periods recently. If the price further probes this level, it can be seen as a more attractive buying opportunity)

  • Long stop loss point: 169.0 USDT (Set below buy point two, leaving enough space to avoid stop loss triggered by small fluctuations, and also near the previous low point, providing strong support)

  • Sell point one: 178.0 USDT (Based on the trend of EMA(7), this price is a relatively high point in the near term, and EMA(7) may form resistance, suitable as an initial selling point)

  • Sell point two: 181.0 USDT (Near EMA(30), long-term moving averages often act as strong psychological and technical resistance levels, suitable as the second target selling point)

  • Short stop loss point: 183.0 USDT (Beyond sell point two, and leaving some space, reducing the risk of stop loss triggered by breakthrough rallies)

【Price Trend Analysis】

  1. K-line pattern:

    • Recent K-lines show significant price fluctuations, with several long upper shadow lines (such as 08:00 on July 30 and 17:00 on July 31), indicating heavy selling pressure at high levels.
    • Looking at the latest few K-lines, especially the one at 07:00 on August 01, the opening price and closing price are close, and both are lower than the previous period, forming a short real body bearish candle with a small lower shadow, suggesting the presence of some downward pressure.
  2. Technical indicators:

    • In the MACD indicator, DIF continues to run below DEA, and the MACD histogram shows an increasing negative trend, indicating strengthening bearish sentiment in the short term.
    • In the KDJ indicator, the J value is mostly lower than the K and D values, and overall in the oversold zone below 20, but there is no clear upward crossover, indicating possible short-term weakness.
    • In the EMA indicator, EMA(7) has consistently been lower than EMA(30), and the gap between the two is gradually increasing, reflecting a downward medium-term trend.
  3. Volume:

    • There was a significant increase in volume between 03:00 and 04:00 on July 31, followed by a gradual decline, indicating increased market activity at that time, but it was not sustained.
    • The volume in the recent few hours has been relatively stable, with no significant fluctuations, indicating a strong wait-and-see sentiment among market participants.

※All content is provided by the intelligent analysis assistant Little A, and is for reference only, and does not constitute any investment advice!

Little A Intelligent Analysis is the industry's first intelligent analysis tool recommended by AICoin, which easily helps you interpret the trend of currencies, analyze indicator signals, and identify entry and exit points. Experience it on the APP or PC.

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