Yueying: 7.11 Bitcoin Ethereum Today's Market Analysis Beware of Selling Pressure Behind the Historical New High of Bitcoin

I am Zhou Yueying, let’s take a look at today’s sharing!

Bitcoin Technical Analysis————

Bitcoin daily chart shows that the previous candle closed bullish, breaking the historical high with a slight pullback. The market opened today and entered a high-level consolidation adjustment. The Bollinger Bands are slightly opening, and the short-term moving averages are turning upwards. The MACD fast and slow lines are crossing upwards, and the volume bars are increasing. KDJ is crossing upwards again, and the VR indicator is consolidating around the 120 level. In the 4-hour chart, the market saw a big bullish surge breaking through the upper band, followed by high-level consolidation with small candlesticks. Currently, the market has broken below the 7-day moving average and is forming a doji candlestick, reversing into a bullish line. The Bollinger Bands are in an opening state with short-term moving averages running upwards. The MACD fast and slow lines are extending upwards, with the volume bars decreasing. KDJ has turned and is opening again, paying attention to the resistance near the 100 level. The VR indicator is consolidating around the 130 level. Overall, while the market is strong, beware of a pullback below the previous high near 0, as there is indeed selling pressure at the historical high. In the short term, pay attention to the support around the 110,000 level. Looking at the short term.

Bitcoin Short Term: 112680 Short, 110500 Long (Strategy activation has room for self-judgment)

Ethereum Technical Analysis————

Ethereum broke through 2800 but faced resistance and pulled back around 2820. Currently, it is maintaining high-level consolidation. In the short term, pay attention to the resistance around 2880, and the support around 2700. Overall, the technical situation, while not as strong as Bitcoin, can still be referenced for correlation. Looking at the short term.

Ethereum Short Term: 2858 Short, 2728 Long (Strategy activation has room for self-judgment)

—— I am Zhou Yueying, a teacher focused on technical analysis. Anyone with questions about operations or trends can communicate and learn operations with me! See you next time. $BTC $ETH #BTC再创新高 #趋势交易策略