7.21 Morning Overview | Bitcoin Under Pressure, Ethereum Looking for Opportunities
Overnight, Bitcoin fluctuated lower, touching the 116,400 area, with short-term momentum weakening. The resistance area strategy we previously pointed out has once again proven effective.
Bitcoin: Continues to oscillate within the 120,000 - 116,000 range. The 4-hour chart signals a significant weakening: consecutive bearish candles, moving averages/Bollinger Bands turning down, and indicators in a bearish arrangement, increasing the risk of a downturn.
Ethereum: Compared to Bitcoin, the pattern is slightly different, and the key support area is worth paying attention to.
Morning Highlights:
1. Bitcoin: If the price rebounds close to the 117,500 - 118,000 area, closely monitor its pressure performance. The initial target below is the 116,000 level; a valid breakdown could open up more space. Conversely, if this support holds firm, there may be a rebound opportunity.
2. Ethereum: Pay attention to the pullback situation in the 3,680 - 3,710 area. If support is gained, the upper space could target 3,830.
The range has not been broken, but the bears are dominant; focus on shorting Bitcoin while looking for low buying opportunities in Ethereum. Keep a close watch on key level performances!
#加密立法新纪元
Follow Yangming, a professional team that helps you accurately target wave points. Keep up with the pace to let your assets take off! Yangming steadily doubles the returns on trades, low leverage, private contracts.
Overnight, Bitcoin fluctuated lower, touching the 116,400 area, with short-term momentum weakening. The resistance area strategy we previously pointed out has once again proven effective.
Bitcoin: Continues to oscillate within the 120,000 - 116,000 range. The 4-hour chart signals a significant weakening: consecutive bearish candles, moving averages/Bollinger Bands turning down, and indicators in a bearish arrangement, increasing the risk of a downturn.
Ethereum: Compared to Bitcoin, the pattern is slightly different, and the key support area is worth paying attention to.
Morning Highlights:
1. Bitcoin: If the price rebounds close to the 117,500 - 118,000 area, closely monitor its pressure performance. The initial target below is the 116,000 level; a valid breakdown could open up more space. Conversely, if this support holds firm, there may be a rebound opportunity.
2. Ethereum: Pay attention to the pullback situation in the 3,680 - 3,710 area. If support is gained, the upper space could target 3,830.
The range has not been broken, but the bears are dominant; focus on shorting Bitcoin while looking for low buying opportunities in Ethereum. Keep a close watch on key level performances!
#加密立法新纪元
Follow Yangming, a professional team that helps you accurately target wave points. Keep up with the pace to let your assets take off! Yangming steadily doubles the returns on trades, low leverage, private contracts.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
3,698.6
-0.15%