Zhou Yanling: 7.24 Today's Bitcoin BTC and Ethereum ETH Latest Market Trend Analysis

Overall, the market in July has been quite regular, basically making a big upward step followed by a small pullback. In the past two days, this pullback seemed to be like a flood release, but the price repeatedly tested 64500 without effectively breaking down. The previous pressure has turned into a strong demand support zone, and the bullish trend established by the Dow Theory of higher lows has been confirmed. The daily chart has continuously stabilized above the 20-day moving average; the trend has clearly shifted from a corrective oscillation to a structural upward movement. The 4-hour chart also shows a complete ascending channel of three steps up and one step down, with lows at 61700→63000→64500 continuously rising, and the bullish structure remains intact. The Bollinger Bands are expanding upwards, with the price stabilizing above the middle band; the MACD maintains a golden cross, with only a slight contraction of the red bars, which indicates a minor accumulation during the upward movement and not bullish exhaustion; the RSI remains in the neutral range of 45-50, and there is no significant bearish volume during the pullbacks. As for the end of this week, pay close attention to the key level of 64500, which indicates the strength of bulls and bears. As long as it does not effectively break down, the mid-term upward rhythm will remain unchanged. If it breaks down, it is expected to test around 63000 again (be wary of this pin risk today, Friday); to the upside, 67000 still stands as the key pressure level for the mid-term rise.

Zhou Yanling 7.24 Bitcoin:

1. Sell at 66400-65600, stop loss above 67200, target around 64500, continue to break down and look at around 63000

2. Buy at 64500-65000, reserve space to add positions around 63000, stop loss by 800 points, target 66200-67000

Zhou Yanling 7.24 Ethereum:

1. Sell at 1930-1900, stop loss above 1950, target 1845-1815

2. Buy at 1820-1850, stop loss below 1790, target 1900-1930

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

The content of 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, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies' contract/spot operations, with a solid theoretical basis and practical experience. She is skilled in combining technical and fundamental analysis, focuses on capital management and risk control, and has a stable and decisive trading style, recognized by many investment friends for her easygoing and responsible personality and sharp, decisive operations.

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