7.23 Bitcoin and Ethereum market trend analysis and trading suggestions!

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允彦
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7 hours ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart shows a bullish candlestick near 120,000, the Bollinger Bands continue to narrow upwards, the MACD moving averages are still trending downwards, bearish volume is starting to increase, and the KDJ is continuing to run flat. On the 4-hour chart, the Bollinger Bands are still narrowing, the MACD moving averages are running parallel, bullish volume is starting to decrease, and the KDJ line is trending downwards;

For Ethereum, the daily chart shows a doji candlestick near 3,750, the Bollinger Bands continue to open upwards, the MACD moving averages are still trending upwards, bullish volume continues to decrease, and the KDJ line is starting to trend downwards. On the 4-hour chart, the Bollinger Bands continue to narrow, the MACD moving averages are trending downwards, bearish volume continues to increase, and the KDJ line is starting to trend upwards;

Currently, the bullish market has come to a pause, and it is recommended to continue shorting at high levels to look for a pullback!

Operation Suggestion: Short at high levels to look for a pullback!

Short Bitcoin at 118,500-119,000, target 117,000-116,000, stop loss at 120,500;

Short Ethereum at 3,710-3,740, target 3,650-3,600, stop loss at 3,780;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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