The article was edited at 10:50 am on July 31, 2023. All opinions do not constitute any investment advice! For learning and communication only.
Yesterday, the high point of Bitcoin was around 29500 and the low point was around 29030. Bitcoin has been fluctuating since it fell below the 29500 level last week. During this period, it tried to test the 29500 level many times but failed to break through it effectively. It can be seen that there is a lot of selling pressure from above, and it is expected to continue to fluctuate in the short term.
The daily level closed with a small negative line yesterday, the Bollinger Bands moved downward, supported by the lower Bollinger Band 28700, MACD was shrinking, and the 4-hour Bollinger Bands were running parallel, suppressed by the upper Bollinger Band 29500. In terms of operation, it is recommended to go long with a light position near 28900, with a target of 29300-29500, and go short with a light position if it does not break 29500, with a target of 29200-28600, and a stop loss of 350 points each. The market changes in a myriad of ways, and the specific operation is mainly based on real-time strategies.
Ethereum's high point yesterday was around 1885, and its low point was around 1848. Ethereum continued to be linked to Bitcoin. It fell in the early morning of today, tested the support around 1850, and then began to rebound, forming a V-shaped structure. It is still in a downward trend and will enter a convergence in the short term. It depends on which direction it will break through.
The daily level closed with a negative line yesterday, and the Bollinger Bands were running parallel, suppressed by the Bollinger middle track 1890. MACD was shrinking and moving upward. The 4-hour Bollinger Bands were running parallel, supported by the Bollinger lower track 1860. In terms of operation, it is recommended to go long with a light position near 1850, with a target of 1870-1890. If the upward attack does not break 1900, you can go short with a light position, with a target of 1880-1850, and a stop loss of 25 points each. The market is changing rapidly, and the specific operation is mainly based on real-time strategies.
Disclaimer: The above content is personal opinion, the strategy is for reference only, not as an investment basis, if you follow up at your own risk. #荣耀时刻 $BTC $ETH
