The 4-hour MACD's DIF has crossed below the DEA, forming a death cross, and the MACD histogram has turned negative.
This clearly indicates that short-term bearish momentum is being released, and prices may continue to decline under the dominance of bearish forces in the short term.
Ethereum suggestion: short around 3770-3800 Target looking towards: 3650-3600 #以太坊交易量反超比特币 182
The 1-hour candlestick chart forms a double top pattern, and the MACD histogram indicates an increase in bearish momentum.
Additionally, there are bearish signals on the line level, with a 'bearish engulfing' pattern, and the RSI is overbought, needing a pullback for digestion.
The KDJ indicator also shows a death cross followed by continued divergence, indicating that the strength of the downward trend is increasing.
Bitcoin recommendation: Short around 119400-120000 Target: 118000-116000 short #以太坊交易量反超比特币
A wave of upward spikes makes some people think that a reversal is coming, but signs of a downward fluctuation are gradually emerging, highlighting the uncertainty in the market.
Don't think that holding long positions will allow you to profit as easily as printing money; little do you know that in the subsequent market, these long positions may very well turn into hot potatoes.
Large Cake Suggestion: Set up short positions around 119000-119500 Target: Looking towards the 116000 line
In the four-hour chart, the MACD indicator has formed a death cross at a high position, and the green energy bars are continuously expanding, indicating that bearish momentum is strengthening.
Falling below 50 with a steep downward slope shows that bullish strength is rapidly declining. The Bollinger Bands are showing signs of contraction,
with the middle band around 2800 turning into short-term resistance, aligning with bearish trend characteristics.
Ethereum Recommendation: Short around 3680-3720 Target: Looking towards the 3500 level.
In the four-hour chart, the MACD indicator shows that the histogram bars are gradually shortening, and there is a trend for the DIF line and DEA line to form a death cross.
This indicates that bullish strength is weakening while bearish strength is gradually increasing.
In addition, it shows that the market's short-term momentum is shifting from bullish to bearish.
Bitcoin suggestion: Set up short positions around 119500-120000 Target: Look towards 116000 line #Strategy增持比特币
The MACD histogram remains negative, although there is a trend of gradually shortening, indicating that the bearish strength has weakened to some extent, but it is still below the zero line,
indicating that the overall market is still under bearish control, making it difficult to form a strong bullish reversal trend in the short term.
BNB Recommendation: Short around 780-785 Target: 765-760
Analysis of Ethereum Thoughts in the Early Morning of July 24
Evening Analysis of Ethereum on July 24: From the 4-hour candlestick chart, a typical W-bottom pattern has formed at the weekly level. However, the histogram remains positive but is gradually shortening, indicating that the bullish strength is weakening.
Ethereum Suggestion: Short around 3620-3650 Target: Looking towards 3500-3450