Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

7.31 Bitcoin (BTC) Market Analysis Reference

As of now, Bitcoin's intraday market has slightly dipped, with minor corrections and consolidations. Both bulls and bears are gradually becoming entangled, with prices fluctuating back and forth within a few thousand points, currently around the 116300 position. In the future, pay close attention to the stabilization around the 116000 line. If the price cannot stabilize and recover, there is a possibility of a second decline. I hope all cryptocurrency friends can prepare in advance.

From the short-term hourly chart, the 4-hour level has seen consecutive bearish candles breaking below EMA30 (117984.6) and EMA7 (117540.2), forming a bearish trend. The 1-hour level shows a long lower shadow testing the 115700 integer level. MACD: The 4-hour level DIF (-195.9) has crossed below DEA (-28.6), with the histogram expanding to -334.6, indicating strong bearish momentum. EMA: The price has fallen below all EMA moving averages (7/30/120). Overall, the short-term outlook remains weak. If there is no strong rebound to stabilize above 118000 during the day, the market is likely to continue weak oscillations within the range. Everyone should maintain a strategy of high short and low long. If the price breaks below the previous low support at 115700, consider following the trend to short. The upper resistance is near the 118000 position.

For more real-time trading strategies, online technical learning, and exit strategies, you can add the mentor's QQ: 776880970. The top ten each day can receive free exit strategies.

7.31 Bitcoin Short-term Reference:

Short entry point: 119000-118000 short, stop loss at 121500, target below 117000.

Long entry point: 114000-115000 long, stop loss at 500, defend at 112000, target above 116500.

7.31 Ethereum (ETH) Market Analysis Reference

Ethereum's intraday trend is basically similar to the overall market, but the decline is slightly more pronounced. After multiple rebounds around the 3820 area failed to stabilize, the market experienced a strong pullback, touching a low near 3677. Currently, it is rebounding around the 3670 position. The intraday market maintains a range consolidation, and the support at the 3660 line has not been broken, so it is advised not to blindly chase shorts.

From the short-term hourly chart, the price is under pressure entering the middle-lower track area, with the Bollinger Bands in a compressed state. The price retraced to 3677 and showed a slight rebound, which was as expected. If it can break through the short-term resistance at 3800, there is a possibility of hitting the intraday high. Conversely, if the short-term upward movement is blocked, a pullback support is expected. Currently, the market is leaning towards a downward trend, and I hope all cryptocurrency friends will operate in line with the trend. The key support below is at the 3660 line.

7.31 Ethereum Short-term Reference:

Short entry point: 3820-3870 short, stop loss at 30, target 30-60 points.

Long entry point: 3700-3650 long, stop loss at 30 points, target above 3750.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels. For more real-time trading strategies, online technical learning, and exit strategies, you can add the mentor's QQ: 776880970. The top ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account to get online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive opinions, the article may have delays in sending, risks are self-borne, and manage your positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your current self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency circle, refusing plagiarism and respecting originality!

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