On Friday, the market was rising well during the day, but suddenly there was a roller coaster drop in the early hours after the US market opened. It doesn't seem particularly strange now; if the entry position for short-term long positions is not good, then don't keep looking bullish. It is really not advisable to go against the trend. Generally, the market is still normal from Monday to Thursday, but it is prone to unexpected events on Fridays, so it is important to remain calm and observe when necessary.
Currently, from a technical perspective on Ethereum, the daily chart shows a continuous rise over several days, forming a clear upward trend. On the hourly chart, the price has failed to break through the 3700 psychological level, facing short-term pullback pressure. The MACD indicator on the hourly chart is below the zero line, but the histogram is gradually shrinking, indicating a weakening of bearish momentum; the daily MACD continues to diverge upwards, with bulls in control. The RSI on the hourly chart is at 54.79, moving out of the overbought zone and into neutral territory; the daily RSI is at 68.93, close to the overbought zone but not yet overheated, still having room for further upward movement. The EMA on the hourly chart shows both EMA7 and EMA30 trending upwards, with short-term moving average support being effective; the daily EMA120 is far below the current price, indicating that the long-term trend remains bullish.
Zhou Yanling's Ethereum Trading Strategy for 7.19:
Buy at 3450-3510, stop loss below 3400, target 3590-3630, continue to break upwards looking at around 3730.
Sell at 3760-3720, stop loss above 3800, target 3600-3550.
Zhou Yanling's Bitcoin Trading Strategy for 7.19:
Buy at 115700-116500, stop loss below 114500, target 119500-121000.
Sell at 121000-120000, stop loss above 122100, target 117000-116200.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
The content of this article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. He has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investors for his steady and decisive trading style, along with his easygoing and responsible personality.
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