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 28, 16:41 Beijing time
Market Information
- Trump's EU tariff agreement boosts risk sentiment, Bitcoin soars to $120,000, ETH approaches $4,000;
- Senior U.S. officials: President Trump has the authority to restore higher tariff levels if other countries fail to fulfill investment commitments;
- The probability of the Federal Reserve keeping interest rates unchanged this week is 97.4%;
- Director of the Office of Management and Budget: Trump's only request to the Federal Reserve is to cut interest rates;
- As the Trump market cools, Japanese investors are on high alert for central bank decisions and earnings season;
- The Secretary of State states that Trump is "losing patience" with Russia;
Market Review
Last Friday, after Bitcoin fell below the $117,000 support, it did not continue a deep decline, and the daily line closed above $117,000. Over the weekend, the market experienced a slight rebound, with the current highest point at $119,812. Ethereum also saw a slight rebound, with the current high point at $3,940;
Market Analysis
Bitcoin
From the daily chart, after Bitcoin broke down, the daily line closed above the support level. Over the weekend, it experienced a slight rebound and returned to the previous fluctuation range. This wave of decline in Bitcoin cannot be considered an effective breakdown. The short position we set near the pressure on Friday was stopped out. The current high point of the fluctuation range is still around $120,000. The daytime trend has already tested this level. The 4-hour chart shows a high position doji star. In the short term, we will return to the fluctuation strategy. The support below is around $117,000, with currently 2,000 points of space. Short positions can be entered near $119,000, with a stop loss at $120,000 and a target of $117,500-$117,000. After reaching this target, we can consider long positions based on the closing line below; manage your entry opportunities yourself. For short-term trading, control risks and manage profits and losses independently;
Ethereum
From the daily chart, Ethereum has not effectively broken below the $3,530 level, and then it rebounded. The pressure near $4,100 is also getting closer. On Friday, we predicted that it would refresh the high point again, with the entry point set around $3,870. However, the market surged a bit too high, which unfortunately triggered our stop loss. Currently, the daily line shows signs of closing bearish. Here we can wait for now. If the daily line closes with a doji in the morning, we can consider short positions. Currently, pay attention to the situation when it reaches around $4,100; manage your entry yourself. For short-term trading, control risks and manage profits and losses independently;
In summary:
Ethereum is strengthening again, Bitcoin returns to the fluctuation range, maintain a fluctuation strategy;
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." 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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