Yueying: July 29 Bitcoin Ethereum Today's Market Analysis Extreme Pulling Waiting for Trend Change With Short-Term Strategy

CN
15 hours ago

In a person's self-discipline lies infinite possibilities; the degree of your self-discipline determines the height of your life.

There are no shortcuts in life, but every step you take counts.

The more diligent, the more hardworking; the more self-disciplined, the more excellent. I am Zhou Yueying, focusing on the trend analysis of mainstream cryptocurrencies, providing insights based on my technical understanding of the market.

Yueying's strategy here only has precise points, without ambiguous ranges or nearby levels. Friends who like Yueying can follow along. Let's look at today's sharing!

Bitcoin Technical Analysis ————

Bitcoin's daily chart shows the previous candle closed bullishly, briefly breaking around 63000, rebounding above the 60-day moving average, and extending upwards during the intraday session to test the middle line. The Bollinger Bands are leveling off while the short-term moving average trends downward, the MACD fast and slow lines cross downwards with a growing green volume bar, and the KDJ is supported at 0, turning upwards. The VR indicator is consolidating near the 130 level. On the four-hour chart, after a period of consolidation, a solid bullish candle breaks through the middle line, currently operating around 64500. The three lines of the Bollinger Bands are flat with a slight upward trend in the short-term moving averages, the MACD fast and slow lines stick together upwards with a slightly increasing red volume bar, and the KDJ crosses upwards, paying attention to resistance near the 100 level, with the VR indicator consolidating around the 70 level. Overall, the market trend has not changed significantly, still maintaining a range-bound structure. After a brief breakdown, it quickly regained, with bulls and bears in a stalemate. The intraday thought is still to look at the range first. The short-term resistance continues to be around 65500, support is around 63000. There will be an interest rate decision in the evening, which will definitely bring short-term fluctuations; pay attention to risk control. Wait for the breakout to adjust and look at short-term suggestions;

Bitcoin Short-term Suggestion: Sell at 65000, Buy at 63300 (strategies activated and profit can be managed on your own)

Ethereum Technical Analysis ————

Ethereum has rebounded after a downward probe, returning above 1900, with an overall trend stronger than Bitcoin, and the short-term range can still be referenced. The technical perspectives on the daily and four-hour charts are in sync with Bitcoin, so reference as needed. Pay attention to short-term resistance near previous highs above and support around 1800 below. Look at short-term suggestions.

Ethereum Short-term Suggestion: Sell at 1950, Buy at 1850 (strategies activated and profit can be managed on your own)

—— I am Zhou Yueying, a teacher focused on technical analysis. Friends with any questions regarding operations or trends can communicate and learn together! Let's exchange and profit together!

There may be delays in article release and review, and the market changes rapidly; the above suggestions are for reference only, and the risk is at your own expense! The market changes daily, and what I can do is provide you with some faint help based on my years of practical experience, guiding your investment decisions and management on the right path. Meeting is fate, and I am someone who believes in fate. If you have doubts in the cryptocurrency world, you can follow Zhou Yueying more; I believe it will be helpful to you.


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