On July 28th, the suitable pattern for breaking the long-short oscillation.

CN
1 year ago

From the daily chart, after two long positive candles on March 24th and 25th, there were two consecutive doji stars, both of which were under pressure near 72000, forming a double top pattern. On the 4-hour chart, there is no continuation of the trend for both long and short positions, forming a oscillating pattern.

In terms of trading volume, the daily trading volume gradually decreased after reaching its peak on March 20th, proving the existence of selling pressure around 72000. There is also no significant trend in the 4-hour chart.

In terms of trading, attention should be paid to the area near 72000 on the upside, and positions at 69000 and 68000 on the downside.

BTC trading suggestion: Long at 69500-69000, target 70500-71500.

ETH trading suggestion: Long at 3500-3480, target 3580.

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