Market laws, twists and turns, cycles of change, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. Through hardships and scenery, do not forget the original intention, and you will eventually succeed.

2024.7.18 BTC————————

Bitcoin yesterday experienced an upward retracement to find support. On the daily chart, we entered long positions around the 63800 level, currently with a profit of over 500 points. Conservative traders can secure their gains, while aggressive traders can consider exiting uniformly after the pressure at the 65200 level. In the short term, the four-hour chart shows the Bollinger Bands beginning to contract, with the price maintaining support near the middle track. If the support at 63800 is broken, there may be a significant downward space, and the price may test the vicinity of 61800-62300. On the hourly chart, the price has been running in a downtrend channel for a long time, with attention to the resistance near 64800 and support near 63300. In summary, the suggested strategy for Bitcoin's future operations is to maintain long positions in the retracement, and aggressive long positions from yesterday can continue to be held against the pressure.

2024.7.18 ETH————————

The long positions at 3390 for Ethereum are currently not very profitable. A short-term retracement in the price on the daily chart is a normal phenomenon, and overall, the price will remain above 3310, indicating the existence of bullish momentum. Therefore, conservative traders holding long positions at 3390 can secure their gains, while aggressive traders can aim for the resistance at the 3450 level. In the short term, the four-hour chart shows the Bollinger Bands contracting, with the price running around the middle track. If the price does not stabilize above 3400, it will remain in a downtrend channel, and subsequent attention should be paid to the support strength near 3250-3280. In summary, the suggested strategy for Ethereum's future operations is to maintain long positions in the retracement, and aggressive long positions from yesterday can continue to be held against the pressure.

This article is exclusively written by senior analyst Qin Chuan. He has been researching investment fields such as Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years, and currently focuses on guiding contract operations. He has a solid theoretical foundation and practical experience, excels in technical and fundamental analysis, emphasizes fund management and risk control, and has a steady and decisive trading style. He is widely recognized by investment friends for his amiable and responsible character combined with sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlestick charts, please follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this information is at your own risk. Investment carries risks, so market entry should be cautious.

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