$BTC 7.21 Monday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
Don't ask how far the cryptocurrency path is, just ask whether your steps have stopped. The ups and downs on those K-line charts are footnotes to growth, each decision is a challenge to oneself, and persistence leads to financial freedom ahead. In the afternoon, the market continued its bullish momentum, with Bitcoin making another upward push, reaching a key resistance level of 119720; Ethereum, on the other hand, first dipped and then rose again, regaining its upward trend after retracing to the support level of 3755, currently breaking through the high point of 3834. We accurately grasped this wave of market trends, providing insights and key points in advance during the afternoon. Meanwhile, for Bitcoin, we opened a long position at 118300 and perfectly took profit at 119500, capturing a space of 1200 points; for Ethereum, we decisively built a position at 3762 and exited at 3820, successfully locking in a space of 58 points.
From the current 4-hour level trend analysis, the market shows significant characteristics of oscillation and consolidation. After continuously forming two full-bodied bullish K-lines, the market displayed strong upward momentum, aggressively attacking from the lower Bollinger Band area, breaking through the middle band and approaching the upper band resistance level. However, upon reaching the upper band, the market encountered significant resistance, resulting in a pullback trend. Subsequently, the market produced another bearish K-line that pierced through the middle and upper bands, this bearish line having a longer body, retracing part of the previous gains, but the bullish trend has not changed, and we still maintain a retracement long strategy.
Bitcoin: Buy near 117600-118100, short-term target 120500
Ethereum: Buy near 3790-3770, short-term target 3880
Don't ask how far the cryptocurrency path is, just ask whether your steps have stopped. The ups and downs on those K-line charts are footnotes to growth, each decision is a challenge to oneself, and persistence leads to financial freedom ahead. In the afternoon, the market continued its bullish momentum, with Bitcoin making another upward push, reaching a key resistance level of 119720; Ethereum, on the other hand, first dipped and then rose again, regaining its upward trend after retracing to the support level of 3755, currently breaking through the high point of 3834. We accurately grasped this wave of market trends, providing insights and key points in advance during the afternoon. Meanwhile, for Bitcoin, we opened a long position at 118300 and perfectly took profit at 119500, capturing a space of 1200 points; for Ethereum, we decisively built a position at 3762 and exited at 3820, successfully locking in a space of 58 points.
From the current 4-hour level trend analysis, the market shows significant characteristics of oscillation and consolidation. After continuously forming two full-bodied bullish K-lines, the market displayed strong upward momentum, aggressively attacking from the lower Bollinger Band area, breaking through the middle band and approaching the upper band resistance level. However, upon reaching the upper band, the market encountered significant resistance, resulting in a pullback trend. Subsequently, the market produced another bearish K-line that pierced through the middle and upper bands, this bearish line having a longer body, retracing part of the previous gains, but the bullish trend has not changed, and we still maintain a retracement long strategy.
Bitcoin: Buy near 117600-118100, short-term target 120500
Ethereum: Buy near 3790-3770, short-term target 3880
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