Zhou Yanling: 7.29 Today's Bitcoin BTC Ethereum ETH Latest Market Trend Analysis

This round starting from the low of 61700 has not completely broken the mid-term structure. The pullback from the high of 65700 belongs to the concentration of profit-taking at high positions. Currently, around 63700 it just aligns with the daily MA5 and MA10 bonding support range. The daily RSI at 56 is in a neutral range, and the previous overbought pressure has been fully released; MACD remains above the zero axis with positive red bars, and bearish momentum continues to decline, with no top bearish divergence structure. This pullback is merely a secondary adjustment during the upward movement, and the mid-term bullish foundation still exists. Let's wait for a volume increase rebound to confirm the repair market. The 4-hour shows a short-term bearish structure with synchronous lower highs and lows, and the price has dropped below the short-term MA5/MA10 lines forming a death cross. However, the price still firmly stands above the MA30 line at 63700, which is the critical watershed for bullish and bearish strength in this rebound. The RSI at 42.47 is in a weak neutral range, with no deep overselling; MACD continues to operate with small negative bars, and although bearish strength is dominant, momentum is gradually narrowing, and no clear bottom golden cross signal has emerged. Short-term bearishness is dominant, but mid-term moving average support is effective. We need to shake out the pressure and stabilize above 64300 to reverse the short-term weakness.

Zhou Yanling 7.29 Big Cake:

1. Long from 63200-63800, stop loss below 62500, target around 64600, continue to look upwards to around 65200

2. Short from 65000-64500, stop loss above 65700, target 63800-63000

Zhou Yanling 7.29 Auntie:

1. Long from 1870-1895, stop loss below 1840, target 1930-1950

2. Short from 1950-1930, stop loss above 1980, target around 1870

[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 more than ten years and mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations, possessing a solid theoretical foundation and practical experience. The author specializes in operations combining technical and news aspects, focusing on capital management and risk control, with a stable and decisive operating style, recognized by many investment friends for a friendly and responsible personality combined with sharp and decisive operations.

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