Zhou Yanling: 7.29 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Over the weekend, it was reported that the European Union has accepted a 15% import tariff from the United States, which is only half of the level previously threatened by President Trump. The market quickly returned to caution, as the favorable impact of this agreement on the EU remains unclear. According to the agreement, the U.S. will impose import tariffs on EU automobiles, while the EU is expected to make significant investments in U.S. energy and military equipment, without taking any retaliatory measures. It is worth noting that the 50% tariffs imposed by the U.S. on EU steel and aluminum products will remain unchanged.
From a technical perspective, after two days of fluctuations over the weekend, the price of the coin began to rebound on Monday evening and then quickly fell back. Currently, on the daily chart, it is in an adjustment phase, showing an overall weak oscillating trend. On the hourly chart, several recent candlesticks have formed long upper shadows, indicating heavy selling pressure above, while the lower shadows are relatively short, showing limited buying support. The hourly MACD histogram remains negative, with the DIF and DEA diverging downwards, indicating a dominant bearish momentum; the daily MACD is also gradually weakening but has not fully entered the bearish zone. The hourly RSI has quickly retreated from the overbought area (above 70) and is currently at 44.55, indicating weak market sentiment; the daily RSI remains between 50-60, with an unclear trend. The hourly EMA7 and EMA30 moving averages are both turning downwards, and EMA7 has fallen below EMA30, indicating significant short-term pressure; the daily EMA120 provides strong support, with the current price close to this moving average. In terms of operations, Yanling prefers to focus on buying during pullbacks.
Zhou Yanling's 7.29 Bitcoin Trading Strategy:
Buy at 117000-117800, stop loss below 116000, target 119000-119800
Sell at 120000-119000, stop loss above 121000, target 117600-116600
Zhou Yanling's 7.29 Ethereum Trading Strategy:
Buy at 3700-3740, stop loss below 3660, target 3850-3900, continue to look for upward movement towards 4040
Lightly sell at 3900-3860, stop loss above 3950, target 3750-3700
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. He has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investors for his steady and decisive trading style, as well as his easygoing and responsible personality.
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