The Bitcoin futures premium hit a five-week high, reflecting the market's optimistic expectations for BTC to further rise to $72,000 and strong bullish sentiment. In the short term, the bullish momentum is obvious, and investors are advised to consider doing moderate longs to capture the upcoming upside opportunities; in the long term, if the current momentum is maintained, it is a reasonable choice to maintain a positive investment attitude.
Bitcoin may be considered a strategic reserve asset by the Trump administration due to its limited supply, which strengthens the market's confidence in the future stability and appreciation potential of BTC. It is expected that the price of BTC will rise further, and it is recommended to be bullish in the short term. Long-term investors may consider holding or increasing their positions on dips to wait for higher returns.
Increased activity in the BTC options market suggests that traders are open to the possibility of extreme volatility this week. Trump's upcoming speech at the Nashville Bitcoin Conference is seen as a potential catalyst, and an announcement that Bitcoin will become a US strategic reserve asset could trigger a sharp price increase. Market sentiment is optimistic. Bullish in the short term, it is recommended to pay attention to the market reaction after Trump's speech; long-term investors should consider the positive impact of such fundamental changes on the value of Bitcoin.
BTC price trend analysis K-line pattern:
The recent K-line shows large price fluctuations. A significant long lower shadow line appeared at 02:00 on July 22, indicating that there was buying intervention at a low level, and then the price rebounded.
The recent K-line shows that the price fluctuates greatly, with multiple long upper and lower shadows, indicating that the market has encountered strong resistance at both high and low levels. The latest K-line is a short body with a long lower shadow, suggesting that buyers are trying to support prices but are still facing selling pressure.
Technical indicators: DIF and DEA in MACD remain positive, and MACD column shrinks, indicating that bullish forces are weakening and a trend shift may occur. KDJ indicator J value exceeds 100 and turns downward, so be alert to the risk of callback. EMA is still on an upward trend in the short term, but the gap is gradually narrowing, so pay attention to potential reversal signals.
The volume gradually decreases after reaching the peak, which may indicate that the current upward momentum is insufficient compared with the lack of synchronous volume expansion when the price rebounds. The volume has been stable in the latest few cycles, with no obvious increase or decrease, and the market participation has remained consistent.
BTC operation suggestions:
Buy point 1: 67000 (EMA(7) and EMA(30) moving average support area, the starting point of multiple recent rebounds)
Buy point 2: 66500 (near the lowest price, large trading volume shows that there is obvious support here)
Long stop loss point: 66000 (slightly lower than the second buying point, giving the market room to fluctuate and avoid small fluctuations triggering stop loss)
Selling point 1: 68500 (close to the highest price, possible pressure point)
Selling point 2: 69,000 (psychological barrier and a price range that has never been reached before, it is expected that there will be concentrated selling)
Short stop loss point: 69500 (exceeding the second selling point, considering the short risk management, set it at a higher position)
ETH price trend analysis K-line pattern:
The recent K-line shows that the price fluctuates greatly. After a significant drop yesterday afternoon, it rebounded. The current price fluctuates around 3450.
There were small increases the night before yesterday and early morning followed by rapid declines, which may have been caused by selling pressure.
The gap between the technical indicator MACD DIF and DEA narrowed, and the MACD histogram turned from positive to negative and then to positive, indicating that there is uncertainty in the market and that the long and short forces are alternating in control.
The KDJ indicator J value is in the overbought area and then begins to decline. The current K and D lines tend to be consistent, but there is no obvious golden cross or dead cross signal, suggesting that it may continue to fluctuate in the short term. The EMA indicator EMA medium- and short-term trend is relatively bullish, but the two are close, so it is necessary to pay attention to whether there will be crossover changes.
Volume is amplified during large price moves, such as last night's sharp drop, which was accompanied by high volume, indicating strong selling.
The gradual decrease in trading volume in recent cycles may mean that the activity of buyers and sellers in the current price range has decreased and the wait-and-see sentiment of market participants has increased.
ETH operation suggestions:
Buy point 1: 3430 (this price has been touched many times in the short term and is temporarily used as the first support level)
Buy point 2: 3400 (yesterday's lowest price, if the price falls back to here, there may be strong support)
Long stop loss point: 3370 (slightly lower than the second entry point, providing enough space to avoid small fluctuations triggering the stop loss)
Selling point 1: 3550 (close to yesterday’s highest price, can be regarded as a short-term resistance level)
Selling point 2: 3590 (exceeding the highest price in the current analysis period, it is expected to encounter greater selling pressure)
Short stop loss point: 3630 (higher than sell point 2, considering that short selling requires a higher safety margin) Real-time guidance WeChat: btc0798
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