Market laws, twists and turns, cycles of change, internal cultivation of the mind, external cultivation of actions, the road ahead is long and arduous. 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 story of learning and growth. Through hardships and beautiful scenery, do not forget the original intention, and you will achieve the ultimate goal.
2024.7.19 BTC————————
Bitcoin remained in a state of oscillating decline on Friday. The daily chart formed a doji candlestick followed by a bearish trend, with the daily support level around 62800. In the short term, the four-hour chart shows the price entering a downtrend channel, with resistance forming around 64500 and support around 62300. Overall, the four-hour chart suggests that the price will continue to oscillate within this 2000-point range. On the hourly chart, the Bollinger Bands are widening downwards, indicating that it will take some time for the short-term decline to stop. Keep an eye on the support level around 62500. In summary, it is suggested to continue to long Bitcoin in the subsequent pullback.
Pending Order:
Long 62300-62800, stop loss at 500 points, target above 500-1000 points
(The strategy can only be used once, and the profit-taking can be arranged at your discretion)
2024.7.19 ETH————————
Ethereum fell below the 3400 level in the early session and showed signs of further decline. The daily support level is around 3360. In the short term, the four-hour chart shows the price maintaining a Bollinger oscillating downtrend, with resistance around 3430 and support around 3340. On Friday, the focus will be on this range of about 100 points. On the hourly chart, the price will remain within the Bollinger oscillation range of 3480-3350, with limited operating space. In conclusion, it is suggested to continue to focus on the support level for Ethereum and continue to layout long positions.
Pending Order:
Long 3340-3280, stop loss at 50 points, target above 50-100 points
(The strategy can only be used once, and the profit-taking can be arranged at your discretion)
This article is exclusively written by senior analyst Qin Chuan. He has been researching the investment fields of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control. His operating style is steady and decisive, and he is recognized by many investment friends for his amiable and responsible character. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, follow the public account: Zhao Qin Chuan.
Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Any operation based on this is at your own risk. Investment carries risks, so market entry should be cautious.
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