July 22 Morning Analysis:
BTC is currently struggling at 117260, with the BOLL middle band at 117334 pressing down like an iron plate. The MACD red bar at 52.71 looks intimidating, but the DIF/DEA is flat and sticky—this is a typical bull trap! The market maker is playing tricks; as long as the high point of 117313 is not broken, it's just a paper tiger. If the lower level of 117000 is breached, it will plunge straight to 116500 without discussion.
ETH is even more sinister, superficially up 0.32% to 3761, but it can't even stabilize at the BOLL middle band of 3760. The MACD green bar has flipped red, signaling a death cross and a clear selling signal. The upper resistance at 3775 is firmly capped, and if the liquidation line at 3746 is penetrated, it will be a no-discussion slaughter of long positions.
The news front is fraught with danger.
Today, the White House released its first crypto policy report, and Federal Reserve Chair Powell is speaking at 20:30. These two potential bombs could trigger volatility at any moment. Although ETH's ETF funding has set new records, leverage has piled up to 56 billion, and a correction could wipe out long positions. BTC's triangle consolidation is at its end, with 119000 being the line of life and death—if it breaks through, we’ll target 122000; if it falls below 116000, we will directly test the strong support at 114800.
Yangming Strategy
BTC should focus on the high-pressure area of 117500; if it cannot break through, go short and set a stop-loss at 118000;
ETH, if it cannot hold 3746, go short directly, targeting 3700-3680, and add positions on a rebound to 3760. The market maker is clearly signaling to go short, and those itching to bottom-fish should watch out for being targeted!
Follow Yangming, and our professional team will guide you in accurately targeting swing points. Keep up with the rhythm and let your assets soar! Yangming steadily doubles your trades, low leverage, private contracts.
