In the cryptocurrency world, one must understand a principle: when it rains from the sky, the ground becomes slippery; if you fall, you must get up by yourself. If you want a friend to lend a hand, you must exchange wine for wine and tea for tea. If you lack this understanding, you will only be at the stage where you even count the transaction fees. #BTC #ETH
Afternoon BTC/ETH Latest Market Analysis As of now, the price of Bitcoin is approximately $11,700, with a 24-hour decline of 1.85%. This adjustment is closely related to the market reaction following Trump's signing of the 'Genius Act' two days ago. It has caused Bitcoin to retreat from $121,000 to oscillate within the $117,000-$118,000 range. The selling pressure in the market has eased. On-chain data shows that about 20% of Bitcoin's supply is concentrated in the current price range, and slight fluctuations may trigger a larger market response. From the current four-hour structure, the market is in a tug-of-war, with Bitcoin repeatedly moving back and forth in the short term, while attempts to reach higher levels have been suppressed. However, the overall structure continues to show wide fluctuations, and key support and resistance levels have not been effectively broken. Short-term operations still mainly focus on the price oscillation. Trading Suggestions: Bitcoin: 117,600-117,900 watch for oscillation around 118,600 Ethereum: 3,640-3,660 watch for oscillation around 3,690 #BTC #ETH
7.19 Saturday Evening BTC/ETH Latest Market Analysis From the 1-hour level, the short-term Bitcoin price has stabilized above the Bollinger Band middle line at 116,500, showing a tendency for range-bound fluctuations above. However, there is a concentrated liquidation area at the 120,000 level, and if the price rises to that vicinity within an hour, it may encounter significant resistance, leading to selling pressure and a price pullback.
From the 4-hour structure, there have been four consecutive bullish candles continuously moving upward, currently operating in the upper-middle band. However, there is still strong resistance above, causing the market to enter a brief range consolidation. The Bollinger Band is gradually narrowing, with three lines leveling off horizontally. In the short term, there is still a tendency for a pullback, but each time the price dips to the bottom, it quickly rebounds for correction, so the operation should primarily focus on the pullback strategy.
Operational Suggestions: Bitcoin: 118,500-118,000 target looking for 117,000 area #BTC
Duo Dan is holding it, the morning gave the target position 118500, it is impossible to be released without reaching the target, it's just so stubborn #BTC
The direction and position that should be given are all clear. Those who listen and keep up can take off directly; those who can't listen, well, just slap your thighs. #BTC
7.18 Friday Early Morning BTC/ETH Latest Market Analysis Currently, the market shows a continuous upward trend, with the lows rising in a staircase pattern. Each pullback lacks strength, and any downturn is effectively recovered, indicating that the overall trend is dominated by the bulls.
Note: Commenters should manage their positions well. For those following me, Sister Zhong will make corresponding adjustments based on the actual market situation at any time. Even if the macro environment leads to a wrong direction, corrections will be made promptly.
Operational Suggestions: Bitcoin: 119200-119600 watch near 120600
The big pancake provided in the evening, the direction of doing Duo is correct, already taken
Note: Commenters should manage their positions well. For those following Dan here, Sister Zhong will make corresponding adjustments at any time based on the actual situation. Even if the macro leads to a wrong direction, it will be corrected in a timely manner #BTC
7.17 Thursday Evening BTC/ETH Latest Market Analysis From a technical perspective, the MACD is in a death cross formation, with the histogram continuously expanding, and momentum is increasingly strengthening. It is important to note that during a strong uptrend, there will typically be minor pullbacks after significant upward movements. This is a normal technical adjustment; the pullback is meant to digest previous profits while also accumulating new upward momentum.
Operational Suggestions: Big Bitcoin: 117300-117800 aiming for around 119000 Small Bitcoin: 3400-3420 aiming for around 3480 #BTC #ETH