Mu Feng Looks at Trends: Bitcoin/Ethereum Market Analysis and Trading Suggestions for the Evening of 7.29

From a technical structure perspective, Bitcoin/Ethereum prices are still consolidating at high levels, with technical corrections and bullish outputs currently in a strong opposition phase. On the daily chart, the KDJ is slowly moving down from a high position, and the MACD shows a crossover between DIF and DEA at high levels. Trading volume is also continuously decreasing, but the main chart's coin price is persistently pushing upwards, indicating a significant divergence in volume. Considering the technical situation, there seems to be a hint of short-term bullish tail adjustment. Although the BOLL and MA three-day moving averages are very strong, everyone still needs to be cautious of extreme market volatility following rapid rises and falls. Generally, technical analysis suggests that the market will first undergo technical correction during the week, and only after the correction is completed will there be enough volume to initiate a second round of bullish momentum. Currently, a gap appears in the higher-level lines, and its repair is an inevitable event. For short-term operations this evening, it is recommended to initially consider shorting on rebounds. Specific points of reference are as follows:

BTC: Short between 119000-120000, target 117000

ETH: Short near 3880-3900, target 3780

The above is my personal trading suggestion for the evening. The market is ever-changing, and this article has a certain delay; please refer to real-time guidance for specific operations. If you have any questions, feel free to consult.#BTC走势分析 #ETH