Zhou Yanling: July 11 Bitcoin BTC Ether ETH Today's Latest Market Trend Analysis

The Bitcoin has once again approached the 64000 mark, but still has not broken through the 65000 position. The daily bearish trend on a large scale remains unchanged, with 64500-65000 being positions where many are trapped. Every time it goes up, there are sellers. ETF funds continue to flow out, and this recent surge is purely based on short covering, without any institutions investing real capital to support the market, so it cannot be counted as a reversal. The indicators have only slightly repaired; the MACD is still below the zero axis, and no reversal signal has appeared at all. The 4-hour Bollinger Bands are narrowing, entering a transition point, with the price sticking to the upper band under repeated pressure, and each time it rises, it leaves behind a long upper shadow; the rising trading volume is not keeping up, and the bullish force is becoming weaker. 63000 is the dividing line for strength; if it cannot hold the rebound, it will be invalidated directly. The short-term rise in the 1-hour chart is completely driven by short squeezes; now the liquidation pressure has significantly decreased, and the indicators are nearing overbought territory, and a rapid drop can easily occur if it rises to 64500. 63300 is the lifeline for the short-term; losing this level will directly weaken the market. Overall, it is merely a repair pulse after the decline, so try to avoid chasing highs. Approach the 64500 resistance area to take profit in batches, keep a close watch on the 63000 support, and be cautious of a rapid pullback causing losses.

Zhou Yanling July 11 Bitcoin:

1. Short at 64500-63800, stop loss above 65300, target near 63000, if it breaks below 63000 look at around 62000

2. Long at 62000-62700, stop loss below 61200, target 63600-64400

Zhou Yanling July 11 Ether:

1. Short at 1840-1810, stop loss above 1870, target 1740-1710

2. Long at 1710-1740, stop loss below 1680, target 1810-1840

[The above market analysis is for casual reference only and does not constitute investment advice!]

This article's content is exclusively shared by senior analyst Zhou Yanling (Public account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency futures/spot operations, possessing a solid theoretical foundation and practical experience, skilled in combining technical and news analysis, focusing on capital management and risk control, with a stable and decisive trading style, recognized by many investors for their easy-going and responsible character coupled with sharp and decisive operations.

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。