July 27, Sunday, Analysis of Ethereum's Late Market Strategy!
From a technical structure perspective, on the four-hour level, after the price dipped and recovered with a bullish candle, the running channel is in an opening state, with the bottom channel slightly narrowing upwards. After the short-selling volume is released, it contracts, and the moving averages bend back to show consistent upward movement. The price is currently in a correction phase, but despite a certain demand for consolidation, the future downward trend is not optimistic.
On the four-hour level, after the price dipped, it has surged with consecutive bullish candles towards the upper band. The running channel shows an upward opening trend, with the short-selling volume turning into buying and increasing directly. The moving averages are consistently rising, and the price recovery momentum in the short term is strong. The rhythm of the correction has changed, and the short-term volatility is merely a demand for accumulation. Today, we still favor going long.
Personal suggestion for Bitcoin trading: Go long around 117,400, with a target looking at breaking through 118,400-119,400!
Personal suggestion for Ethereum trading: Go long around 3,780, with a target looking at breaking through 3,830-3,880! #GalaxyDigital抛售比特币 #以太坊交易量反超比特币 #币安Alpha上新 #美国AI行动计划 #巨鲸动向 $BTC $ETH