Mufeng's Market Trends: 7.24 Evening Bitcoin/Ethereum Market Analysis with Trading Suggestions

From a technical structure perspective, Bitcoin/Ethereum's daily KDJ shows a high-level dead cross, and the MACD bullish volume is decreasing, indicating a technical change towards a downward turn. In terms of BOLL, the overall trend is still upward, so the area near the middle line is regarded as a key short-term support zone. The 12-hour KDJ and MACD also show a dead cross, and the main chart's 5-day moving average is applying downward pressure. Currently, it is aligning with the downward trend along the 5-day moving average, while the 30-day moving average continues to strengthen. Overall, there is still some downward space in the short-term, and there are also strong buy orders below. At present, it is still in a repair stage, and the short-term correction sentiment has not ended. I personally expect that the overall market will still lean towards a volatile downward trend, continuing to repair the gaps at the weekly level. Initially, I suggest taking short positions on rebounds, with specific points of reference as follows:

BTC: Short at 119000-120000, target 116500

ETH: Short around 3670-3700, target 3570

The above are my personal evening trading suggestions. Market conditions change rapidly, and this article has a certain lag. Specific operations should be based on real-time guidance in the market. If you have any questions, feel free to consult. #BTC走势分析 #ETH