Zhou Yanling: July 18 Today's Bitcoin BTC and Ethereum ETH latest market trend analysis

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周彦灵
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1 hour ago

Zhou Yanling: 7.18 Today's Bitcoin BTC Ethereum ETH Latest Market Trend Analysis

The recent market is really strong, just this Friday it dropped, and by the evening it bounced right back to its original position. This fluctuation is truly pleasing~ It feels like the second half of the year is going to get lively in the crypto world; otherwise, if it continues to be sluggish, everyone will lose their enthusiasm. We can see that during the price adjustment to 62800, the open interest also shrank simultaneously, indicating that the decline was just a minor profit-taking by the bulls, without new shorts smashing the market; after returning to 64000, the open interest rose again, showing that there is a clear willingness to go long. The daily oscillation has also completed its buildup, and the second round of bullish rally is approaching. The 4-hour upward oscillation channel is complete, confirming support by stepping back to the middle track of the channel. The volume-price bullish structure is healthy, with an increase in volume during the rise and a decrease in volume during adjustments. 65000 is a short-term breakthrough resistance level. The 1-hour short-term indicators are fully repaired, and the short-term moving averages are in a bullish arrangement, with strong support below. After the end of the oscillation, the bullish rally will restart. Therefore, the next 63000 will be the lifeline for this round of increase; every time we pull back to this area will be a good opportunity to buy at a low.

Zhou Yanling 7.18 Big Pie:

1. Go long at 63000-63700, stop loss below 62200, target 64200-65000

2. Go short at 65500-64700, stop loss above 66300, target 63800-63000

Zhou Yanling 7.18 Little Pie:

1. Go long at 1800-1830, stop loss below 1770, target 1880-1920

2. Go short at 1930-1900, stop loss above 1960, target 1860-1830

[The above market analysis is for casual reference only and does not constitute investment advice!]

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 over ten years and is currently focused on analyzing and guiding operations in BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies' contracts/spot trades. The author possesses a solid theoretical foundation and practical experience, specializes in a combination of technical and news-based operations, emphasizes capital management and risk control, and has a stable and decisive operating style recognized by many investment friends for their easygoing and responsible character alongside sharp and decisive operations.

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