Yueying: 7.21 Bitcoin and Ethereum market analysis today. The Bitcoin range may face a breakout soon. Can Ethereum reverse and end its corrective rally?

CN
9 hours ago

A person's self-discipline hides 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 continues to maintain a range-bound fluctuation. The previous long position at 117300 was executed precisely, currently showing a space of around 1500 dollars. On the daily chart, the market continues to fluctuate around the 7-day moving average, with the Bollinger Bands showing signs of upward movement and narrowing. The short-term moving averages are trending upwards, and the MACD fast and slow lines show signs of flattening after turning. The volume bars continue to decrease, and the KDJ is crossing downwards, with the VR indicator consolidating around the 200 value. On the 4-hour chart, after a narrow range fluctuation, the candlestick is flattening, currently breaking through the middle track. The Bollinger Bands are in a flat state, with short-term moving averages running around the middle track. The MACD fast and slow lines are trending downwards, showing signs of turning near the 0 axis. The volume bars are decreasing, and the KDJ is extending upwards, noting resistance near the 100 value, with the VR indicator consolidating around the 140 value. Overall, Bitcoin's market is still undergoing range-bound adjustment, but there are also signs of a potential trend change, so we need to pay attention to the changing structure for now. In the short term, we should treat it according to the range and prepare a defensive plan, and analyze further after the trend change. Here are the short-term suggestions.

Bitcoin Short-term Suggestion: Short at 119800, Long at 117500 (Activate strategy and manage profits on your own)

Ethereum Technical Analysis ————

Ethereum has undergone a fluctuation adjustment on Saturday and is now experiencing a slight rebound, refreshing the previous high. The temporary viewpoint remains unchanged; the rebound may not be over. However, recently, whether bullish or bearish, caution is needed, and an overall plan should be made. There’s not much else to say; internally, we have been advising to go with the trend as much as possible. Here are the short-term suggestions.

Ethereum Short-term Suggestion: Short at 3888, Long at 3688 (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 share and profit together!

The publication of articles has a delay in review, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by yourself! The market changes every day; what I can do is use my years of practical experience to provide some slight help, 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, and I believe it will be helpful to you.

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