Yuying: Today's Market Analysis of 7.7 Bitcoin and Ethereum - Is Bitcoin at 110,000 Unstable and Will It Experience a Major Retracement Again?

I am Zhou Yuying, let's take a look at today's share!

Bitcoin Technical Analysis ————

Bitcoin's daily chart shows a small bullish candlestick at the previous K line, stopping the decline. It opened today supported by the 7-day moving average and rebounded. The earlier position of 108,100 has gained some profit. The Bollinger Bands are slightly opening, and the short-term moving averages are turning upward. The MACD fast and slow lines are crossing upwards with decreasing volume, and the KDJ is showing signs of a turn again. The VR indicator is consolidating around the value of 110. On the 4-hour chart, after a series of small K-line oscillations, a big bullish candle has broken through the middle track and is testing near the upper track. The Bollinger Bands are flattening, and there are signs of a turn in the short-term moving averages. The MACD fast and slow lines are turning above the 0-axis with decreasing volume, and the KDJ is extending upwards again. The VR indicator is consolidating around the value of 120. Overall, the current market has broken through Saturday's oscillation and is testing upwards. In the short term, we need to pay attention to the resistance near the previous high point, which is also the resistance at the upper track of the 4-hour chart, and the support near the 60-day moving average on the 4-hour chart. For short-term trading, this range can be referenced.

Bitcoin Short-term: 109,750 sell, 108,100 buy (strategy activated, space to grasp by yourself)

Ethereum Technical Analysis ————

Ethereum's daily market is supported by the 60-day moving average and EMA200, rebounding. Continue to pay attention to this range in the short term, with resistance reference at the upper track of the daily line and previous highs. The previous long positions have only yielded small space, and the overall technical aspects are linked to Bitcoin for reference. Look for short-term trades.

Ethereum Short-term: 2,615 sell, 2,515 buy (strategy activated, space to grasp by yourself)

—— I am Zhou Yuying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! See you next time. $BTC $ETH #马斯克计划成立美国党