7.9 Ethereum (ETH) Market Strategy Analysis Reference
Ethereum's trend is stronger than the market, with an increase of nearly 100 points yesterday. The market is strongly breaking upward, breaking through the previous resistance at the 2600 level. Bullish sentiment is gradually improving, and the downward trend is temporarily suppressed. Throughout the day, the market continues to rise, currently approaching the high of 2628. If it breaks through 2650 again, it is expected to have a slight upward movement. Minghui suggests that everyone prepare in advance; once the level is broken, seize the short-term profit.
On the short-term hourly chart, the price has risen to the 2628 level and is under pressure to correct. The price is currently testing downwards; it briefly touched the ten-day defense line and rebounded slightly, but a long upper shadow has appeared, indicating that the market is still under pressure. Therefore, it is not recommended to blindly go long; it is advisable to wait for a correction to test support before considering entering the market. The short-term market is hindered and entering a correction rhythm, with both bulls and bears starting to exert force. The trend is entering a high-level consolidation phase. If subsequent support holds, there is a possibility of breaking upward. The upper resistance to watch is between 2674 and 2650, and the short-term lower support to watch is around 2580.
7.9 Ethereum Short-term Strategy Reference:
Long suggestion: 2685-2635, defend at 2780, stop loss 30 points, target below 2600,
Short suggestion: 2585-2535, defend at 2400, stop loss 30 points, target near 2600,
7.9 Bitcoin Short-term Strategy Reference:
Long suggestion: 109000-109800, defend at 111500, stop loss 500 points, target below 108500,
Short suggestion: 107500-106500, defend at 105550, stop loss 500 points, target above 108000,
The levels are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, emphasize good risk control; no matter how confident you are in your future market judgment, always have your stop-loss and take-profit levels in place!
