Zhou Yanling: 7.28 Today's Bitcoin BTC and Ethereum ETH Latest Market Trend Analysis

Waking up to this market left me stunned. The 63000 I’ve been hoping for days hasn’t arrived, but this morning it came suddenly, yet many are stuck holding, feeling as disgusting as if they’ve eaten a fly. As for the news or whatever stories behind this wave of decline, I won’t get into it. Let’s directly look at how to respond next. We initially said that 63000 is the crucial deciding line for strength and weakness, but this morning’s move was a bit quick, directly hitting 63000. Therefore, the key support has now moved down to 62200. We’ll see how today develops. As long as this wave of bearish momentum continues without breaking 62200, then a short-term bullish rebound might just take a couple of days. Recently, it’s been a fluctuating range market. However, to see a strong bullish return, it must stabilize above 64500; otherwise, it’s all just talk. What can be done now is to wait for this adjustment space to finish and then look out for opportunities at lower levels.

Zhou Yanling 7.28 Bitcoin:

1. Buy at 62200-63000, stop loss below 61400, target 63900-64600

2. Sell at 64600-63900, stop loss above 65400, target 63000-62200

Zhou Yanling 7.28 Ethereum:

1. Buy at 1820-1845, stop loss below 1790, target 1900-1930

2. Sell at 1930-1900, stop loss above 1960, target 1850-1820

[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 (Official Account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years and mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. The author possesses a solid theoretical foundation and practical experience and specializes in combining technical analysis with market news. Emphasizing capital management and risk control, the author's trading style is steady and decisive, recognized by many investors for their easygoing and responsible character combined with sharp and decisive actions.

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