Analyst Chen Shu: 7.22 Short-term stagnation, pay attention to whether there is a pullback opportunity, midday Bitcoin and Ethereum market analysis strategy

From the daily chart of Bitcoin, the price closed below the MA0 daily moving average yesterday. If the short-term price continues to stay below the MA5/10 daily moving averages, the short-term upward trend may come to an end. First, pay attention to the strength of the pullback. Looking at the 4-hour chart, the short-term resistance level is the MA60 daily moving average at 11.84. If it cannot regain this level, it may enter a corrective pullback phase. This level is also a key resistance level for the MA256 daily moving average on the 1-hour chart.

From the daily chart of Ethereum, yesterday's daily candle formed a small red doji, with the price oscillating around the 3800 level. Currently, the daily candle has formed a green K-line, and the price has pulled back to the MA5 daily moving average. Pay attention to the support and resistance at the MA5 daily moving average of 3660, with the resistance level at around 3750. The key support to watch is the MA30 daily moving average at 3640 on the 4-hour chart.

Midday trading strategy (writing time: 14:30):

BTC: Short at 11.83, add to short at 11.93, target 11.7/11.6; Long at 11.45/11.3, looking for a rebound of around 3000 points.

ETH: Short at 3750, add to short at 3800, target 3660/3630; Long at 3660/3630, looking for a rebound of 5-80 points.

The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave a message below for discussion; I will reply to each one.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。