Monday, July 28, Analysis of Ethereum's Afternoon Trading Strategy!
I still hold onto my long position from the morning, Ethereum has already gained 50 points. Bitcoin is still lacking some strength, but we will continue to look for long positions in the afternoon and see what happens!
On the four-hour chart, after testing the price up and down, it has consolidated and narrowed the trading channel. After a period of consolidation, there has been a rebound, with bullish volume showing signs of increasing. The moving averages are rising consistently, and the short-term recovery has led to a substantial increase. The signs of warming up are getting stronger, so our strategy will be to focus on long positions at lower levels.
On the daily chart, the trading channel is in a narrowing state, but the price pullback is weak and powerless. The bullish volume continues to release, although there is some phase of actual volume consolidation, there are no signs of decreasing volume. The moving averages are meandering and causing the short-term fluctuations to oscillate, but there is no space for further downward adjustments. The pullback is just to build up strength for recovery, so our strategy moving forward will be to take long positions at lower levels.
Personal Trading Suggestion for Bitcoin: Go long near 119,000, with targets at 120,000-121,000.
Personal Trading Suggestion for Ethereum: Go long near 3,880, with targets at 3,930-3,980.#BNB创新高 #ETH重返3800 #美国与欧盟达成关税协议 #币安Alpha上新 #美国AI行动计划 $BTC $ETH
