7.31 Bitcoin and Ethereum short positions profited yesterday. Today's trend analysis and trading suggestions!

CN
允彦
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1 day ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart continues to close with a bearish candle around 117800, the Bollinger Bands are starting to flatten, the MACD moving averages continue to trend downward, bearish volume continues to increase, and the KDJ is starting to move upward. On the 4-hour chart, the Bollinger Bands are beginning to contract, the MACD moving averages are starting to trend upward, bullish volume is beginning to slightly increase, and the KDJ line is moving upward;

For Ethereum, the daily chart closes with a doji bullish candle around 3800, the Bollinger Bands continue to contract upward, the MACD moving averages continue to trend downward, bearish volume continues to increase, and the KDJ line continues to trend downward. On the 4-hour chart, the Bollinger Bands continue to flatten, the MACD moving averages are starting to trend upward, bullish volume is beginning to increase, and the KDJ line is starting to move upward;

Currently, bullish momentum is stagnating and consolidating sideways; it is recommended to continue shorting at high levels to look for a pullback!

Trading Advice: Short at high levels to look for a pullback!

Short Bitcoin at 118500-119000, target 117000-116000, stop loss at 120000;

Short Ethereum at 3860-3890, target 3800-3750, stop loss at 3920;

The strategy is time-sensitive; please refer to private real-time guidance for specifics!

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