[2024.7.29 Bitcoin and Ethereum intraday market analysis]
A new week has begun, brothers. The weekly K line has just closed. Pay attention to the last few days of this month. The monthly line will start to close again. Generally, the last few days are the time when long and short positions fight. Brothers, pay attention to the market and your positions!
This wave of rise was a bit unexpected. I thought it would pull back, but I didn’t expect it to go down and go up horizontally at a small level. This is why I don’t recommend everyone to short. After all, the big cycle is on the long side. After the small-level pullback stabilizes, it will still go up. If the short-term short-term run of this pullback is not timely, it is easy to be trapped. On the contrary, the price of long positions is higher!
This week, Bitcoin will hit the support level: 65750-63500, and the pressure level: 71400-72100-73800
This week, Ethereum will hit the support level: 3175-3086, and the pressure level: 3405-3465-3550
Last night's analysis said that Bitcoin will only go up after the 4-hour level correction above 68000 is completed. The K-line in the morning just stood firm at this position and went up, breaking through the second target directly!
Ether said that it will go up if it stands firm above 3260. After the closing line in the morning stood firm, it started to rise, and it has risen to the third target I gave. This wave of direction and trend is clear!
Today's market analysis:
$BTC Currently, all levels are rising on the bullish side. Pay attention to the positions around 68780-68200-67255 when it falls back today. As long as the 4-hour level does not fall below 68200, the small level will still go up after a small retracement!
If it continues to rise today, pay attention to the upper targets/pressure levels around 69670-70200-70780! #BTC走势分析
$ETH Currently, the 4-hour level rebounded and just touched the daily long and short price/pressure level of 3375. Pay attention to this position today. As long as the 4-hour level continues to rise and can stand above this position, the 4-hour level will officially start to rise and drive the daily level rebound. The upper target/pressure level is around 3407-3465!
If the rebound today cannot stand above 3375, then pay attention to the small-level retracement around 3307-3265-3223. As long as the 4-hour level does not fall below 3265, the small-level step will still go up! #ETH走势分析
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