In the cryptocurrency space filled with opportunities and challenges, being overly eager for quick gains is often a shortcut to failure. True trading wisdom lies in focusing on long-term planning and not losing composure due to short-term fluctuations. Even if short-term losses occur, there is no need to be overly anxious; as long as the direction is correct, past losses will eventually be smoothed over by time. The key to all this lies in accurately timing orders and understanding the current market direction, thereby improving trading success rates.
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Bitcoin (BTC) 7.15 market analysis
Bitcoin performed a breakout upward this morning, successfully breaking through the 120,000 resistance and climbing to around 123,300, once again refreshing its historical high. However, the good times didn’t last long, as the bullish momentum faced supply shortages, and the market began to enter a high-level consolidation phase. As of the time of writing, the price is fluctuating near the 120,000 mark.
From the perspective of the 4-hour short cycle chart, the Bollinger Bands are opening upwards, and the price fluctuates between the middle and upper bands. Recently, both bulls and bears have been alternating efforts, with prices entangled near the five-day line, overall trapped in a fluctuation pattern.
Looking at the attached indicators, the two MACD lines are gradually approaching, and the upward momentum continues to weaken, showing signs of a death cross; the RSI and Stoch indicators have also turned downward, indicating that the market is likely to retrace in the future. Therefore, although the price has broken through 120,000, it has not stabilized yet. For safety in operations, it may be wise to wait for a proper retracement before placing long orders, with support levels to focus on the range of 118,500 to 119,000.
If the price can stabilize around 120,000 in the future, the upward trend is likely to continue, so the main strategy remains to buy on dips.
7.15 Bitcoin short-term reference:
Lower testing position 123,500 - 122,500, defend 124,800, stop loss 500, target below 121,000.
Upper testing position 1,185,000 - 1,195,000 long, stop loss 500, defend 116,000, target above 120,000.
Ethereum (ETH) 7.15 market analysis
Ethereum retraced to 2950 in the early morning yesterday, and the market broke upwards. When it broke through the 3080 resistance, it faced pressure and retraced. Currently, both bulls and bears are in a stalemate, and the market is entering a high-level consolidation phase, with prices fluctuating around 3000. However, the daily upward trend remains strong. If the price can stabilize at 3000, further upward movement is expected, once again targeting 3100. Short-term support can be noted at 2980.
On the 4-hour level, a double top structure has formed around 3083, and then it broke below the EMA7 support (3015), facing short-term retracement pressure. After consecutive daily bullish closes, a long upper shadow appeared (3067→2990), indicating significant selling pressure at high levels. From the MACD indicator perspective, the 4-hour cycle DIF crosses below DEA forming a death cross (15.36/18.85), and the histogram turns negative (-11.86), but the daily line remains in the bullish zone (129.16/75.81). In terms of EMA, the price has fallen below the 1-hour EMA7 (3032), with lower EMA30 (2919) and daily EMA7 (2890) forming a support chain. Thus, the integer level of 3000 becomes a key position for bulls and bears to compete. During the day, focus on the support at the lower level of 2980, with buying primarily on retracements.
7.15 Ethereum short-term reference:
Lower testing position 3125-3075, defend 3280, stop loss 50, target below 3050.
Upper testing position 2995-2955, stop loss 30 points, target above 3040.
It is important to note that there may be delays in sending articles, and strategy suggestions are for reference only. Market conditions change rapidly; regardless of how well we judge the market, always keep stop-loss and take-profit orders in place. Securing profits is the key.
For more real-time orders daily, please follow our public account. You can also learn technical analysis online and gain skills for exiting positions. I have been deeply involved in the market for many years, focusing on the major trends in the cryptocurrency space, and have studied extensively in the U.S. I mainly analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.
Exclusive views, articles may be delayed in sending, risks are self-borne, and it is essential to control position sizes reasonably when trading, avoiding heavy or full positions. I hope all fans can achieve financial freedom, move forward together, and work hard! In the depths of time, hold onto understanding; it is crucial to maintain optimism in investment. Don’t let your future self dislike your present self. We are living authentically, but not every data revelation needs to be taken too seriously. Let the past be the past and let the future come quickly! Take good care of yourself, prepare thoroughly, and be ready to set out at any time. Keep going!
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