Latest trading strategy for Bitcoin and Ethereum on Monday, July 28:
From the current perspective, the four-hour level shows a fluctuating upward trend. Although the bears have pulled back, the intensity is limited, and the trend is approaching the upper band of the Bollinger Bands, indicating strong bullish momentum.
From the one-hour line, consecutive bullish candles have broken through the upper band of the Bollinger Bands, with the MACD fast and slow lines crossing positively and values turning positive, indicating a clear bullish trend. However, the KDJ indicator shows that the J value is turning down in the overbought zone, and there is a long upper shadow on the bullish bar, suggesting a potential pullback in the short term. Moving forward, continue to focus on low long positions.
Bitcoin: Support around 118200, with a stop at 117500, targeting 121000-123000.
Ethereum: Support around 3780, with a stop at 3750, targeting 3880
