7.19 High-level fluctuations and stagnation, pay attention to the strength of pullbacks, midday Bitcoin and Ethereum market analysis strategy
Yesterday's midnight article analysis provided a long position strategy for Ethereum at 3515/3450, the market successfully gave an entry opportunity, with the long position's maximum profit exceeding 100 points. Congratulations to those who followed.
From the daily chart of Bitcoin, yesterday closed with a green K-line, and the MA5/10-day moving averages are about to overlap. In the short term, focus on the gains and losses around 11.8. The hourly chart shows that the current short-term remains in high-level fluctuations, with upward momentum slightly insufficient to break new highs. In the short term, pay attention to the breakout direction of the range 11.88-11.66. If the pullback does not break through the support of various moving averages, the bulls will still be in control; otherwise, look for a correction.
From the daily chart of Ethereum, yesterday once again closed with a bullish candle, and the daily level still maintains a strong one-sided upward trend. In the short term, support focuses on the pullback to the daily AM5/10-day moving averages. The 4-hour chart shows that the price remains in a fluctuation at the MA5/10-day moving averages after the pullback correction, paying attention to the gains and losses around the small support level of 3550.
Midday operation strategy (writing time: 14:00):