Interpretation of the intraday trend of Ethereum and operation ideas on July 26th:

Recently, the discussion about Bitcoin as a strategic reserve asset of the United States has not diminished. The world's leading cryptocurrency is gradually gaining mainstream recognition and acceptance.

Eye-catching data shows that the total number of Bitcoins held by many countries around the world has astonishingly exceeded 510,000. This number accounts for one-20th of the total number of Bitcoins, highlighting the rise of Bitcoin again. important position in the global economic landscape.

From a technical structure perspective:

The daily line closed positive after three consecutive negative days, and recorded a long lower shadow line, which shows that the support below is strong, and it has returned to the MA120 moving average again.

At the four-hour level:

Yesterday afternoon, the price continued to move out of the bearish cross position. Two consecutive cross stars showed the demand for a rebound in the market. However, I never thought that the rebound would directly engulf yesterday's decline. In the short term, the bulls have the motivation to continue upward. But it is currently on the way up, and it has rebounded upward by nearly 3,000 points. There is room to go lower, and then go short after measuring the pressure!