🔥 7.24 Bitcoin & Ethereum Intraday Trading Ideas 🔥
📉 Market Review:
- Bitcoin (BTC) tested the 117200 support at midnight, and the bulls counterattacked, peaking around 119300 in the morning but faced resistance, then the bears took control, dropping to a low of 117400.
- Ethereum (ETH) had a significant increase previously, and the pullback is stronger, with an intraday decline of 4%, but the overall trend remains bullish.
- Yesterday's strategy was precisely validated: we suggested bottom-fishing near 117200, and the market rebounded as expected! The current pullback is still liquidating long leverage, and a long-term bullish opportunity is about to arrive!
📊 Technical Analysis:
- Daily level: Following a strong bullish candle, there were two consecutive bearish candles for a pullback, but the 117200 support is strong (multiple long lower shadows), and the larger cycle remains in a consolidation range without breaking the upward trend.
- 4-hour level: The price rebounded after testing the middle band, and the triangle convergence pattern remains intact; the bulls still have momentum for a counterattack!
- Ethereum (ETH) is expected to find support in the 3470-3500 range during the pullback, and the bullish outlook remains unchanged!
🎯 Today's Strategy:
- BTC: Buy on the pullback to 117200-117500, target 119000, stop loss 116500.
- ETH: Buy near 3500-3520, target 3650, stop loss 3450.
💡 Key Tips:
- The current market is still in a consolidation phase; avoid chasing prices or panic selling, and patiently wait for low buy opportunities!
- The overall trend is bullish; pullbacks are buying opportunities, and medium to long-term investors can accumulate positions in batches! #Blockchain
