Su Zhe's analysis: On July 27, the tug-of-war between Ethereum and Bitcoin continues. Will it rise or fall in the future? Today's latest market analysis and operational reference ideas.

CN
11 hours ago

The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. But its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market fluctuations are not risks; not understanding the trends is the biggest risk.

Bitcoin's market this weekend continues to be dominated by narrow fluctuations. After yesterday's day, the price is basically hovering around 118,000, and the technical indicators do not show a significant trend towards a target, with weak long and short signals being released.

On the four-hour chart, BOLL continues to operate near the middle track. Although there was a brief breakout of the middle track, the K-line chart is starting to converge back towards the middle track. Currently, in the short term, the upper space is limited, and the operational suggestion is still to focus on shorting high and buying low.

Short position operational range suggestion: Enter at 118,500-119,500, stop loss at 120,000, look for 116,500-117,000 below.
Long position operational range suggestion: Enter at 117,000-117,500, stop loss at 116,000, look for 119,000-120,000 above.

As of now, Ethereum's price is fluctuating in the 3,700-3,750 range, with the daily volatility narrowing and market sentiment leaning towards caution. The technical aspect shows intense short-term long and short battles, and attention should be paid to the breakthrough of key support and resistance levels. Currently, Ethereum is in a consolidation phase, with the operational range focusing on high selling and low buying, paying close attention to the breakout direction of the 3,660-3,800 points.

Currently, the 3,660 point is a short-term dividing line for long and short positions. If it breaks down, it may further dip to the 3,600-3,550 USD area. The 3,850-3,900 points are considered medium to long-term resistance areas, which need to be assessed in conjunction with market sentiment and trading volume.

Short position operational range suggestion: Enter at 3,750-3,780, stop loss above 3,800, look for 3,700-3,660 below. If the price breaks below 3,660, you can continue to lightly short to the 3,600-3,550 area, with a stop loss above 3,700.
Long position operational range suggestion: Enter at 3,660-3,680, stop loss below 3,630, look for 3,730-3,750 above. If the price stabilizes above 3,780, you can lightly continue to long to the 3,800-3,830 area, with a stop loss below 3,750.

Due to the time-sensitive nature of price points, there may be delays in post reviews, so specific operations should still be based on real-time market conditions. The above operational range analysis is for reference only. The cryptocurrency market is highly risky, so please manage your risk well and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.

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