Lao Yang Talks about Coins: Analysis and Thoughts on Bitcoin/Ethereum Market on July 31st The article does not constitute any investment advice and is only for your study and reference
As a senior person in the currency circle, I have been deeply involved in this charming and challenging currency circle for many years. I have experienced many ups and downs in the currency circle, witnessed the rise and fall of countless currencies, and accumulated rich practical experience and unique market insights. Investment is a long-term practice, especially in the currency circle. Only by keeping learning and constantly improving your cognition and judgment ability can you move forward steadily in this challenging field.
Lao Yang Talks about Coins: Analysis of Bitcoin Market on July 31, 2024
The recent price of Bitcoin in the daily line has formed a strong pressure level near 67,000, and it has not been effectively broken through since the decline last night. The upper retracement can only be brought to the previous high of 67600. This is the case for short-term trading. Although from a structural point of view, the actual effective retracement should be 68500. At the four-hour K-line level, the Bollinger Bands are running, the MACD moving average and the KDJ line begin to run downward, and the short-selling volume continues to increase.
Short-term strategy:
67000 to 66600 range short, stop loss 67500, target around 65500
65500 to 66000 range long, stop loss below 65000, target around 67000
Lao Yang Says Coin: Analysis of Ethereum Market on July 31, 2024
Ethereum's daily low came to around 3200 and rebounded from shocks. The current price is around 3290. The trend broke through the short-term suppression above. The intraday market continued to oscillate and adjust in a small range. The MACD fast and slow lines in the four-hour K-line are close to the zero axis, and DIF and DEA cross many times, indicating that the market is in a state of shock. The daily MACD showed signs of a weak rebound, but failed to break through effectively. The current price is above EMA7, indicating a positive short-term trend; but there is suppression between EMA3 and EMA120, and attention should be paid to whether it can be effectively broken through
Short-term strategy:
3360 to 3330 interval short, stop loss 3400, target near 3280
3250 to 3280 interval long, stop loss 3220, target near 3330
Disclaimer: The above analysis content only represents the author's personal opinion and does not constitute a specific operation suggestion. If you operate according to this, you will be responsible for your own profits and losses. Investment is risky and you need to be cautious when entering the market. #BTC #BTC合约 #ETH #以太坊合约 #比特币走势分析
