7.28 Afternoon Big Cake Aunt Market Analysis

The morning market has completed again, with the big cake pulling back to a low point around 1189, then rebounding again to a high point around 1198. Ethereum also followed the same trend as the big cake, pulling back to a low point around 3840, then rebounding to a high point around 3907. The bullish outlook provided by Feige in the morning has also been validated again.

From the current structure, the four-hour chart of Ethereum shows a W shape, with the price rebounding sharply after hitting the bottom. The bulls are continuously pushing upwards, breaking through, which drives the moving averages to align upwards, and the price is closely following the upper Bollinger Band. Due to the previous pullback providing some signs of a bottom formation, the overall pattern and daily level maintain a momentum for continued upward adjustment, with highs constantly refreshing. The intraday market is expected to continue to rise.

The big cake can be traded around: 118000-118500, with a target of 119800-120300.

Aunt can be traded around 3830-3850, with a target of 3940-3970. #BTC走势分析