• Bitcoin Market Analysis: The current price of Bitcoin is 118,700, in a strong upward phase, showing an overall bullish trend. In the short term, the price is fluctuating within the 118,000 to 120,000 range, testing resistance levels. Market sentiment is strong, but some indicators suggest a potential technical pullback risk in the short term, with the price possibly slightly retracing to the support level around 118,000 before attempting to break through the strong resistance at 120,000.

• Ethereum Market Analysis: According to data from CoinWorld, the price of Ethereum against the Chinese Yuan is 21,502.60, up 1.72% from the previous day, with a market cap of approximately 2.5999 trillion, and a 24H volatility of 3.61%. From a technical indicator perspective, there is no clear trend based on MACD analysis; the MACD histogram remains positive but is gradually shortening, indicating a weakening bullish force. The KDJ indicator is neutral, with a value of 80, showing no golden or death cross; the RSI value is above 70, suggesting a potential pullback after a rise. In terms of trend, Ethereum has shown an upward trend since July 10, currently consolidating at a high level, with the bullish trend still prevailing. In the short term, it may first test the resistance level at 3,040, and if it fails to break through, it may retreat to the support range.

Trading Suggestions

Short Bitcoin in the 118,700-119,000 USD range, targeting 117,000 USD

Short Ethereum in the 2,960-2,980 USD range, targeting 2,900 USD

There are many types of investments, and it is important to choose the one that suits you. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting global economic news, analyzing major global investment trends, and providing daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article represents personal views only and is for reference only, not to be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL

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