July 18th Feige's Yancoin: Three consecutive releases of the US crypto bill + Retirement funds entering the market! BTC is strongly consolidating in anticipation of a breakout, ETH's main upward wave continues to lead altcoin rotation, with L2 and staking sectors becoming key areas for layout.
Technical Analysis:
BTC: On Monday, it surged and then retreated; on Tuesday, it dipped to 116K to build a support platform at this position. Currently, it has formed three consecutive small upward candles, and the overall trend is fully aligned with the recent research reports advocating for long positions at low levels. The current market is in a strong consolidation phase after reaching new highs, and the medium to long-term structure is completely in a bullish arrangement, with a clear trend of upward movement. If the subsequent market can continue to increase in volume and reach new highs, it will enter a new round of main upward waves. Looking at the 4-hour chart, the previously mentioned pressure at the 120K level is significant, with K-line repeatedly surging and retreating, showing a bit of weakness. Main capital is leaning towards Ethereum and altcoins. In terms of intra-day operations, the focus should be on the two support lines of 118K-116K for bullish opportunities.
ETH: The daily line has seen four consecutive days of increased volume and strong momentum, currently in the mid to late stage of the main upward wave. The characteristics of future increases mainly manifest as daily K-line patterns with surges followed by retreats, with long upper shadows on small upward candles. Current volume has broken through the average level of the past three months, with obvious signals of new capital entering. There are no significant upper shadows on the K-line during the upward movement, indicating light selling pressure and strong buying, which is characteristic of the mid-term upward phase. If capital continues to flow in, the target can be seen at 4000+ high levels. Looking at the 4-hour chart, the K-line is steadily moving upwards along the 7-day moving average, with adjustments returning to the 14-day moving average. For subsequent intra-day short-term trading, bullish sentiment can be focused around the 7-day moving average, using the 14-day moving average as a defense. Given the large intra-day volatility, positions should be appropriately reduced, and the replenishment range should be expanded to withstand market adjustments.
