Market laws, twists and turns, cycles of change, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. The journey may be arduous, but one must not forget their original intention to achieve success.

2024.7.15 BTC————————

Having a few drinks on the weekend night led to waking up late today, I apologize! Bitcoin's weekly chart has formed a bullish engulfing pattern, which needs everyone's attention. The key point for this week is whether the 60,000 level can be maintained. On the daily chart, there is an overall trend of three consecutive bullish days. Intraday, attention should be paid to whether it can stabilize above 61,000 to form effective daily support and establish a bullish trend with the 30-day moving average. On the 4-hour chart, the Bollinger Bands are widening, and the price is maintaining an upward channel, indicating a strong bullish trend. The upper resistance at around 62,500 and the lower support at around 60,800 should be monitored. The 60,300 support is evident on the hourly chart, and the price continues the upward trend within the Bollinger Bands, with a reversal pattern forming at 59,500. In summary, in an environment where the bullish and bearish trends of Bitcoin are not very clear, it is recommended to sell high and buy low with good defense.

Pending orders:

Long 59,500-60,500, with a 500-point defense, target 600-800 points

Short 62,000-62,500, with a 500-point defense, target 800-1000 points

(Each strategy can only be used once, and the placement of the stop-loss and take-profit is at your discretion)

2024.7.15 ETH————————

Apologies for the delayed analysis of Ethereum. The weekly chart of Ethereum also shows a bullish engulfing pattern. On the daily chart, attention should be paid to whether the bullish and bearish trends can break through and stabilize above 3,320, and the strong upward breakthrough at 3,220 forms a new bottom support that needs to be closely monitored. After the price of the 4-hour chart rose in a step-like manner, the bullish volume on the indicator chart increased slowly, but the overall price is still within the upward channel, indicating that the trend has not weakened. On the hourly chart, the support at around 3,208 and the upper resistance at 3,310-3,320 should be monitored. In summary, in an environment where the bullish and bearish trends of Ethereum are not very clear, it is recommended to sell high and buy low with good defense.

Pending orders:

Long 3,220-3,180, with a 60-point defense, target 60-90 points

Short 3,320-3,350, with a 60-point defense, target 80-100 points

(Each strategy can only be used once, and the placement of the stop-loss and take-profit is at your discretion)

This article is exclusively written by senior analyst Qin Chuan, who has been studying the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control, and has a steady and decisive operating style. He is widely recognized by the majority of investment friends for his amiable and responsible character and sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlestick charts, follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this information is at your own risk. Investment carries risks, so caution is advised when entering the market.

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