7.22 Bitcoin and Ethereum start to pull back!

CN
允彦
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17 hours ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart shows a bullish pin bar around 117,000, the Bollinger Bands continue to narrow upwards, the MACD moving averages are starting to turn downwards, bearish volume is beginning to increase, and the KDJ continues to move downwards. On the 4-hour chart, the Bollinger Bands are starting to flatten, the MACD moving averages are running parallel, bearish volume continues to decrease, and the KDJ line is moving upwards;

For Ethereum, the daily chart shows a bullish doji around 3,760, the Bollinger Bands continue to open upwards, the MACD moving averages continue to rise, bullish volume is starting to decrease, and the KDJ line is beginning to turn downwards. On the 4-hour chart, the Bollinger Bands are starting to narrow, the MACD moving averages continue to decline, bearish volume continues to increase, and the KDJ line is starting to move downwards;

Currently, the bullish market has come to a pause, and it is recommended to short at high levels and look for a pullback!

Operation Suggestion: Short at high levels and look for a pullback!

Short Bitcoin at 118,500-119,000, target 117,000-116,000, stop loss at 120,500;

Short Ethereum at 3,650-3,680, target 3,580-3,520, stop loss at 3,730;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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