Since the standard V-shaped reversal from the low of 61800, the lows have continued to rise, and the downward single trend has temporarily stagnated. In the short term, the 15/30-day moving averages are turning upwards, and the price is steadily above the short-term moving averages, with only the medium and long-term 60/90 moving averages exerting short-term pressure, which is a normal pressure during the upward trend. Currently, the core bulls are still focusing on the 63500 position; as long as the pullback does not break this level, the upward structure remains intact. Looking at the 4-hour chart, the highs and lows are synchronously rising, forming a complete upward channel, with the price stabilizing above all short- to mid-term moving averages. The moving averages have changed from bearish convergence to bullish divergence, and the Bollinger Bands are opening upwards, with the price steadily advancing along the upper Bollinger Band. The MACD continues to have a golden cross above the zero line, and the red bars are steadily releasing bullish momentum. The RSI at 57 has not entered severe overbought territory, indicating that there is still potential for upward movement. In terms of the 1-hour chart, all the 5/20/50/100 moving averages are fully diverging upwards, and the price is relying on the short-term moving averages to increase step by step, with slight pullbacks quickly recovered, showing a strong willingness to support the bulls. Therefore, the short-term direction remains focused on pulling back to buy. The next resistance above is still focused on the range of 67000-67500, where strong pressure is expected, making it difficult to break through; caution is advised against chasing highs.

Weekly Yanling 7.16 Major Coin:

1. Buy at 63700-64500, stop loss below 63000, target 65200-66000, continue to break upwards towards 67000.

2. Sell at 67000-66200, stop loss above 67800, target 64600-63800.

Weekly Yanling 7.16 Minor Coin:

1. Buy at 1870-1900, stop loss below 1840, target 2010-2040.

2. Sell at 2045-2015, stop loss above 2075, target 1930-1900.

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

This article is exclusively shared by senior analyst Zhou Yanling (Public Account: Zhou Yanling 8). The author has been engaged in financial market investment research for more than ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency futures/spot operations, with a solid theoretical foundation and practical experience. The author is skilled in combining technical and news-based operations, emphasizes capital management and risk control, and has a stable and decisive trading style, recognized by many investors for a personable character and sharp, decisive operations.

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