On Friday, the market was doing well during the day session, but suddenly experienced a roller coaster decline in the early hours after the US market opened. It doesn't seem particularly strange now; if the entry point for short-term long positions isn't good, it's better not to keep watching for bullish trends. It's really not advisable to go against the market. Generally, the market behaves normally from Monday to Thursday, but problems often arise on Friday, so it's important to remain calm and observe when necessary.

Currently, from a technical perspective on Ethereum, the daily chart shows several consecutive days of price increases, forming a clear upward trend; however, on the hourly chart, the price has failed to break through the key level of 3700, facing downward pressure in the short term. The MACD indicator on the hourly chart is below the zero line, but the histogram is gradually shrinking, indicating a weakening of bearish momentum; the daily MACD continues to diverge upwards, favoring bulls. The RSI on the hourly chart is at 54.79, having exited the overbought range and entered a neutral zone; the daily RSI is at 68.93, close to the overbought zone but not yet overheated, still having room for further upward movement. The EMA on the hourly chart shows both EMA7 and EMA30 trending upwards, with effective short-term moving average support; on the daily chart, EMA120 is far below the current price, maintaining a bullish long-term trend.

Zhou Yanling's Ethereum trading strategy for July 19:

1. Long at 3450-3510, stop loss below 3400, target 3590-3630, continue to look for a break above towards 3730

2. Short at 3760-3720, stop loss above 3800, target 3600-3550

Zhou Yanling's Bitcoin trading strategy for July 19:

1. Long at 115700-116500, stop loss below 114500, target 119500-121000

2. Short at 121000-120000, stop loss above 122100, target 117000-116200

【The above analysis and strategies are for reference only. Please bear the risks yourself. The publication and review of this article may lag, and strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】

The content of this article is exclusively shared by senior analyst Zhou Yanling. The author has been engaged in financial market investment research for over ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, etc., and has a solid theoretical foundation and practical experience. He is skilled in combining technical and news-based operations, emphasizing capital management and risk control, with a stable and decisive trading style. His approachable and responsible character, coupled with sharp and decisive operations, has earned him recognition among many investment friends. $BTC $ETH