Preface: Investment carries risks, and operations should be cautious.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
Article writing time: July 23, 15:54 Beijing time
Market Information
- Bank of New York Mellon: The space for further easing by the European Central Bank will reopen;
- The Bank of England is considering abandoning the digital pound plan;
- Goldman Sachs: The Trump administration is expected to raise the basic tariff rate to 15%;
- International Monetary Fund: U.S. tariff policy impacts the global macro economy;
- The probability of the Federal Reserve maintaining interest rates in July is 95.3%;
Market Review
Yesterday, we focused on the breaking of the lower point of Bitcoin. Bitcoin did not decline but instead rose again to above 120,000, with the current high point at 120,300. Ethereum's performance yesterday was not as strong as before, with the highest point reaching 3,764. Currently, Bitcoin's overall trend is oscillating;
Market Analysis
Bitcoin
The 4-hour chart of Bitcoin shows a slight oscillation range. Yesterday's rise did not break the 120,951 level, and a large bearish candle opened a short-term correction. Currently, Bitcoin's trend has neither broken upward nor downward. Yesterday, we advised everyone to maintain a trading strategy based on oscillation and wait for a breakout. The recommended entry point yesterday was around 118,500, and it is currently close to the cost price. Today, it is still possible to make arrangements, with some short-term space below. Set the stop loss around 119,500, and target 117,500-116,800. After reaching this target, pay attention to the situation of breaking below 115,865. If it does not break, a 4-hour candle with a lower shadow can be used to make a short-term long position around 116,800. Seize the entry opportunity yourself; short-term trading, control risks, and manage profits and losses independently;
Ethereum
Looking at Ethereum's 4-hour chart, the rebound strength yesterday was not very strong. If the support near 3,476 is broken, it will likely lead to a deeper decline. Yesterday, we advised everyone to make light short positions. For those who did, pay attention to the breaking of the lower point at 3,476. For those who haven't, you can directly make a light position at the current price near 3,670, with the stop loss set at yesterday's high of 3,760. The target is first to look at around 3,530, then at the breaking of 3,476. Seize the entry opportunity yourself, and keep the position light; short-term trading, control risks, and manage profits and losses independently;
In summary:
Maintain a trading strategy based on Bitcoin's oscillation, and pay attention to the breaking of short-term low points;
The article is time-sensitive, pay attention to risks, the above is only personal advice, for reference only!
Follow the WeChat public account Crypto Lao Zhao to discuss the market together;
"In life, one should enjoy to the fullest, do not let the golden cup face the moon empty, cook sheep and slaughter cattle for joy, one must drink three hundred cups at once." Always retain Li Bai's boldness, "Cen Fuzi, Dan Qiu Sheng, let’s drink, don’t stop the cups." Always have brothers with whom you can talk about anything. Cheers to life, cheers to the past, keep it up, every person in the crypto circle.
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