Analyst Chen Shu: 7.12 High Position Consolidation Focus on Trend Direction Change, Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart, Bitcoin has been continuously rising strongly, with prices constantly breaking historical highs. In the short term, it is still not possible to confirm the short-term top position, but it is expected to approach the peak position soon and will need to undergo a pullback correction. It is more prudent to enter short positions after the market shows a clear top and pullback. Short-term support is focused on 11.65/11.5, while resistance is at 11.8/11.88.

From the daily chart, Ethereum saw a red doji yesterday, with prices reaching a high of 3040 before experiencing a hundred-point pullback. In the short term, support is focused on the pullback low of around 2920, while resistance is on the breakthrough and stabilization of 3000. First, pay attention to the change in the direction chosen by the market.

Midday Operation Thoughts (Written at: 15:00):

BTC: On Saturday, with little fluctuation, treat it as a range of 10.82-10.72 for high selling and low buying, and provide trend strategy analysis tomorrow.

ETH: Treat it as a range of 2940-3000 for high selling and low buying.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave a message below for discussion; I will reply to each one!

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