7.1 Bitcoin and Ethereum Market Analysis and Trading Strategies

Opening Note: The July trading month is a fresh start, with increased volatility in the cryptocurrency market and complex, ever-changing market trends. If you are confused about trading direction and lack a clear operational strategy, feel free to contact the Yang Jie team for daily real-time updates on professional market analysis and precise trading strategies to help you seize market opportunities.

1. Market Review

Bitcoin demonstrated strong support resilience last night, with prices oscillating narrowly around the 107000 mark. Even with a brief dip, it quickly rebounded to recover lost ground, fully validating this price level as a key defense line. In contrast, Ethereum showed more active movement, beginning a one-sided upward attack from a low of 2431, with strong bullish momentum. After reaching a high of 2521 in the early morning, it encountered resistance and fell back, completing a full market cycle of “rally – pullback.”

2. In-depth Technical Analysis

1. Daily Level

The candlestick has been continuously operating within a range, with both bulls and bears engaging in fierce battles, failing to form an effective breakthrough, presenting an overall box oscillation pattern. Yesterday ended with a bearish candle, and after touching the upper Bollinger Band, the candle quickly fell under pressure, clearly indicating significant selling pressure above. The current risk of chasing the rise is extremely high, requiring cautious operations.

2. Four-hour Level

The middle track line has been effectively broken, disrupting the original oscillation balance structure, with bearish forces beginning to dominate. With the failure of mid-track support, the short-term market is very likely to continue a downward oscillation trend, suggesting a focus on short strategies as the main idea.

3. Trading Strategies

Bitcoin (Big Pie)

Aggressive investors can open short positions in the 107500-108000 range with light positions, setting stop loss above 108500. The first target is aimed at 107000; if this support is effectively breached, it can further look down to 106000.

Ethereum (Auntie)

It is recommended to enter short positions in batches in the 2490-2520 range, setting stop loss at 2550, with the first target at 2450; if the price breaks below the 2450 support, continue to hold short positions, extending the target to 2430.

4. Risk Warning and Benefits

The cryptocurrency market is highly volatile, and market conditions change rapidly. It is crucial to set strict stop losses during trading to avoid irrational operations caused by emotional fluctuations. If you have doubts about trend judgments or find it difficult to grasp short-term trades, feel free to join Yang Jie’s professional guidance team for one-on-one market analysis and strategy guidance to help you navigate the complex market steadily!