Yueying: 7.31 Bitcoin Ethereum Today's Market Analysis Long Positions Realized Is Ethereum's Daily Line Shrinking in Volume and Will It Rise Further?

In a person's self-discipline lies infinite possibilities; the degree of your self-discipline determines the height of your life.

There are no shortcuts in life, but every step you take counts.

The more diligent, the more effort; the more self-disciplined, the more excellent. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, providing insights based on my own technical analysis of the market.

Here at Yueying, the strategy only includes precise points, with no ambiguous ranges or nearby levels. Friends who like Yueying can click to follow. Let's see today's share!

Bitcoin Technical Analysis ————

Bitcoin's previous long position achieved a space of over 2000 dollars. On the daily chart, the last candlestick closed with a lower shadow. The market opened today with a rebound to test upwards. The Bollinger Bands are narrowing and flattening, with the short-term moving averages running around the middle band. The MACD fast and slow lines are moving downwards, with the volume bars decreasing, and the KDJ is moving upwards again. The VR indicator is consolidating around the 120 value. On the 4-hour chart, the market briefly broke below the lower band but quickly recovered, with consecutive bullish candles testing the upper band. The Bollinger Bands are in a narrowing state, and the short-term moving averages continue to run around the middle band. The MACD fast and slow lines crossed upwards below the zero axis, with the volume bars turning red and increasing. The KDJ crossed upwards, extending attention to the resistance near the 100 value, while the VR indicator is consolidating around the 80 value. Overall, the market is influenced by news, experiencing a downward spike before quickly recovering, briefly faking out before returning to the previous range. This wave of Bitcoin's range oscillation has lasted for more than half a month. For the short term, continue to treat it based on the 4-hour Bollinger Bands' upper and lower band range, waiting for a change in the market structure for adjustments. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: Short at 119600, Long at 116800 (Activate strategy and manage profits on your own)

Ethereum Technical Analysis ————

Ethereum's previous long position achieved a space of over 100 dollars. On the daily chart, the market has once again stood above the 7-day moving average. On the 4-hour chart, the Bollinger Bands are flattening, with short-term resistance above focusing on the breakout situation above the upper band and previous highs. If it breaks, pay attention to the resistance below 4000, while the support continues to focus on the area above 3700. Here are the short-term suggestions.

Ethereum Short-term Suggestion: Short at 3905 (Short at 3970), Long at 3768 (Activate strategy and manage profits on your own)

—— I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! Let's exchange ideas and profit together!

The publication of articles has a delay, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the individual! The market changes every day, and what I can do is use my years of practical experience to provide some slight assistance, guiding your investment decisions and management on the right path. Meeting is fate; I am a person who believes in fate. If you have any doubts in the crypto world, you can follow Zhou Yueying more closely, and I believe it will be helpful to you.

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