Xiao Yao Kol: Bitcoin Evening Market Analysis 7.30

Currently, Bitcoin's price is between the lower and middle bands, and the contraction of the Bollinger Bands indicates limited short-term volatility. The MACD on the daily chart shows expanding green bars, with bearish momentum prevailing. The hourly MACD is approaching the zero axis, and if a death cross forms, it may further decline. The RSI is nearing the oversold area, suggesting a potential short-term rebound correction, but the strength of the rebound is expected to be limited. Ethereum's price is moving along the lower band, with significant resistance at the middle band, indicating a bearish short-term trend. The daily MACD divergence has not been corrected, and green bars on the hourly MACD continue to expand, with bears dominating. The RSI remains below 50, indicating weak market sentiment, but it is close to the oversold zone, so caution is advised for a rebound. It is recommended to enter positions at high levels in the early morning.

Trading Suggestions: Enter at around 118500 to 119000 for Bitcoin, targeting around 117000; for Ethereum, enter at around 3800 to 3830, targeting around 3720. Market conditions are always changing, and this article is time-sensitive. Friends entering the market should follow real-time guidance: #以太坊十周年