Analyst Chen Shu: On July 19, the high position experienced oscillation and stagnation; pay attention to the strength of the pullback. Midday analysis and strategy for Bitcoin and Ethereum market trends.

CN
1 day ago

Analyst Chen Shu: Pay attention to the pullback strength after the high-level fluctuations on July 19. Midday analysis and strategy for Bitcoin and Ethereum.

From the daily chart, Bitcoin closed with a green candlestick yesterday, and the MA5/10 moving averages are about to converge. In the short term, focus on the gains and losses around 11.8. Looking at the 1-hour chart, the short-term remains in high-level fluctuations, and the momentum for breaking new highs is slightly insufficient. Initially, pay attention to the breakout direction of the range 11.88-11.66. If the pullback does not break the support of the moving averages at all levels, the bullish trend remains; otherwise, watch for a correction.

From the daily chart, Ethereum once again closed with a bullish candlestick yesterday, and the daily level still maintains a strong one-sided upward trend. In the short term, support focuses on the pullback to the daily AM5/10 moving averages. On the 4-hour chart, the price is currently fluctuating around the MA5/10 moving averages after a pullback correction, paying attention to the gains and losses around the small support at 3550. Midday operational thoughts (writing time: 14:00):

BTC: The fluctuations on Saturday were not large; treat it as high selling and low buying within the range of 11.88-11.75. Tomorrow's article will provide trend analysis.

ETH: Treat it as high selling and low buying within the range of 3550-2640.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

BitMart:上新快、福利猛!注册即享14,000+ USDT迎新奖!
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink