7.30 BTC/ETH Market View:
Bitcoin remains in a fluctuating range, with high-level consolidation. Instead of falling, it is oscillating, and the bulls are still healthy and strong. The daily K-line Bollinger Bands are severely narrowing, with the upper band continuously moving downwards and the lower band moving upwards. After two consecutive days of closing in the red, MACD bears continue to expand, while KDJ and RSI have moved down after being overbought at high levels. From an indicator perspective, there is indeed a demand for a pullback in the market; however, prices just can't seem to go down. After oscillating downwards, it quickly rebounds. Therefore, whether it will break through the 120,000 mark and stabilize to reach new highs, or whether it will experience a deeper pullback before attempting to climb to new highs remains to be seen with time!
In terms of short-term trading today, do not look too far ahead but rather observe while walking. Choose to go long at lower support levels or short at higher resistance levels, and consider whether to pursue after a breakout.
For upper resistance, pay attention to 118,500, 119,500, and 120,500. If going short today, these positions can be considered for attempts.
For lower support, pay attention to 117,000, 116,000, and 115,000. If going long, consider waiting for these levels.
Ethereum's daily K-line formed a shooting star yesterday. Similarly, there is a demand for a pullback according to the indicators, but the bulls are just too strong. As soon as the price comes down, it is immediately pulled back up. Thus, in short-term operations, both high shorts and low longs have opportunities to participate.
For upper resistance, pay attention to 3,870, 3,900, and 3,950. Participating in high shorts at these levels is possible.
For lower support, pay attention to 3,720, 3,650, and 3,580. Participating in low longs at these levels is advisable.
Whether it's a resistance level or a support level, they are based on past trends as a reference. Many times, it does not mean to place orders without looking at the market. Instead, after reaching these levels, pay attention to see if there are clear entry signals at smaller time frames, such as 15-minute or 5-minute levels, to decide whether to enter. If there is no time to watch the market, then you can try placing orders in batches at different points. The market does not only rise without falling, nor does it only fall without rising; the key is not to chase after rises or panic sell. One should also avoid trying to flip a profit in a single day. Risks always coexist with profits! #以太坊十周年
Bitcoin remains in a fluctuating range, with high-level consolidation. Instead of falling, it is oscillating, and the bulls are still healthy and strong. The daily K-line Bollinger Bands are severely narrowing, with the upper band continuously moving downwards and the lower band moving upwards. After two consecutive days of closing in the red, MACD bears continue to expand, while KDJ and RSI have moved down after being overbought at high levels. From an indicator perspective, there is indeed a demand for a pullback in the market; however, prices just can't seem to go down. After oscillating downwards, it quickly rebounds. Therefore, whether it will break through the 120,000 mark and stabilize to reach new highs, or whether it will experience a deeper pullback before attempting to climb to new highs remains to be seen with time!
In terms of short-term trading today, do not look too far ahead but rather observe while walking. Choose to go long at lower support levels or short at higher resistance levels, and consider whether to pursue after a breakout.
For upper resistance, pay attention to 118,500, 119,500, and 120,500. If going short today, these positions can be considered for attempts.
For lower support, pay attention to 117,000, 116,000, and 115,000. If going long, consider waiting for these levels.
Ethereum's daily K-line formed a shooting star yesterday. Similarly, there is a demand for a pullback according to the indicators, but the bulls are just too strong. As soon as the price comes down, it is immediately pulled back up. Thus, in short-term operations, both high shorts and low longs have opportunities to participate.
For upper resistance, pay attention to 3,870, 3,900, and 3,950. Participating in high shorts at these levels is possible.
For lower support, pay attention to 3,720, 3,650, and 3,580. Participating in low longs at these levels is advisable.
Whether it's a resistance level or a support level, they are based on past trends as a reference. Many times, it does not mean to place orders without looking at the market. Instead, after reaching these levels, pay attention to see if there are clear entry signals at smaller time frames, such as 15-minute or 5-minute levels, to decide whether to enter. If there is no time to watch the market, then you can try placing orders in batches at different points. The market does not only rise without falling, nor does it only fall without rising; the key is not to chase after rises or panic sell. One should also avoid trying to flip a profit in a single day. Risks always coexist with profits! #以太坊十周年
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BTC
112,560
-1.06%
ETH
3,396.44
-3.54%