Zhou Yanling: 7.20 Today's Bitcoin BTC and Ethereum ETH Latest Market Trend Analysis

Since the beginning of June, this wave of bottom volatility has continued for a month and a half. From the perspective of the daily cycle, recent fluctuations have shown that each support low point is gradually rising, with highs and lows moving in sync. The multi-period implicit bullish divergence continues to resonate, with prices retracing to a secondary low, and the indicators' bottoms are continuously elevated, representing intact underlying bullish momentum. The intermediate abc adjustment on the 4-hour chart has completed; the c-wave pullback has formed a secondary bullish implicit divergence, with indicators' lows rising and price lows remaining flat. The adjustment space is basically in place, with no deep secondary probing demand. RSI has maintained the bullish zone above 50 throughout, with the lowest pullback only to 45, indicating that bearish momentum has not gained dominance. During the narrow volatility on the 1-hour chart, positions have accumulated moderately, and floating chips have been mostly cleaned up; 64000 has transformed into dynamic support, with slight dips showing no panic selling. RSI has stabilized above the 50 bullish demarcation line, with no sustained weakening momentum, and after building strength, it is expected to challenge previous highs again. Therefore, in the upcoming intraday trend, focus on the two supports below, 63500 and 62500, while the upward pressure continues to pay attention to the previous high around 65600, followed by around 67000.

Zhou Yanling 7.20 Big Cake:

1. Buy at 63500-64300, stop loss below 62700, target near 65600, continue upward break to look at around 67000

2. Sell at 67000-66200, stop loss above 67800, target 65500-64700

Zhou Yanling 7.20 Auntie:

1. Buy at 1810-1840, stop loss below 1780, target 1910-1940, continue upward look at around 1980

2. Sell at 1950-1920, stop loss above 1980, target 1870-1840

【The above market analysis is for casual reference only and does not constitute investment advice!】

This article is exclusively shared by senior analyst Zhou Yanling (Public Account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contract/spot operations, possessing solid theoretical foundations and practical experience. He is skilled at combined operational strategies of technical and fundamental analysis, focuses on fund management and risk control, and has a steady and decisive operational style, recognized by numerous investment friends for his easygoing and responsible character paired with sharp and decisive operations.

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