Yueying: Today's Market Analysis on 7.14 - Bitcoin Hits New Highs, Can Ethereum Regain Its Former Glory?

I am Zhou Yueying, let's take a look at today's share!

Bitcoin Technical Analysis————

Bitcoin continues its strong trend, and the daily chart shows a rise again at the opening to test around 123000. The market has once again broken through the upper band, the Bollinger Bands are opening, and the short-term moving averages are running upwards. The MACD fast and slow lines are extending upwards with a shrinking volume, and the KDJ is running upwards while noting the resistance near the 100 level. The VR indicator is consolidating around the 150 level. On the 4-hour chart, after the small K-line fluctuations and slow rise over the weekend, two large bullish candles have broken through the upper band. The Bollinger Bands are opening again, and the short-term moving averages are turning up. The MACD fast and slow lines have crossed upwards at a high position, with the volume turning red. The KDJ is extending upwards, and the VR indicator is consolidating around the 450 level. Overall, the technical side continues to lean towards a strong structure, but it is most prudent to participate cautiously in the short term, waiting for a pullback to re-enter, as such a market can experience sudden drops at any time. For short-term operations, it is best to watch more and act less. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: Short at 123800 (Short at 131500), Long at 120800 (Long at 119800) (For activated strategies with profits, manage them accordingly)

Ethereum Technical Analysis————

The short-term position at 2905 mentioned above in Ethereum has realized the short-term space. The trend is still not as strong as Bitcoin; currently, it has only slightly broken and tested around 3050 before pulling back. Based on historical cycle trends, as long as Bitcoin enters a consolidation phase, Ethereum is expected to catch up. However, this bull market has not shown good feedback, and it is uncertain whether it can break through this time. We can only refer to the short-term support and resistance levels. Here are the short-term suggestions.

Ethereum Short-term Suggestion: Short at 3058 (Short at 3165), Long at 2958 (Long at 2868) (For activated strategies with profits, manage them accordingly)

——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! See you next time. #BTC突破12万大关 #美国加密周 $BTC $ETH