7.18 Zhiming Evening Analysis and Suggestions
Reviewing the day’s big pie market, after a pullback near 119000 in the morning, the bulls began to rebound. In the afternoon, the highest rebound reached the high point of 120846, but faced resistance and fell back, currently dropping to a low of 118384. Ethereum's performance during the day was strong, starting to rise from the morning low of around 3450, and surged to a high of 3674 at noon, once again refreshing recent highs. The current market is oscillating around 3620.
Bitcoin surged and then fell back. The bulls were unable to hold above the 120,000 mark, but confidence in the bulls remains. This short-term pullback has not broken below the 118,000 mark, indicating the possibility of a new wave of rebounds. It is advisable to maintain a bullish outlook in the evening. Ethereum continues to show strong upward momentum without significant pullbacks. Maintain a bullish outlook in the evening. On the hourly level, the MA144 and MA169 moving averages have flattened, with prices oscillating around the moving averages, showing significant support effects. The RSI indicator has fallen from overbought levels and is currently around 58, indicating that there is still room for short-term upward movement.
Zhiming's Suggestions
Big Pie around 119200-118700, looking at 120500---121000
Yitai around 3590-3560, looking at 3650-3680
