On July 26, Bitcoin and Ethereum experienced a pullback once again. Is it "rising step by step" or a "high-altitude trap"? Below is the market analysis and trend outlook for Bitcoin and Ethereum.

CN
18 hours ago

1. Current Market and Trends of Bitcoin (BTC)

  1. Price and Short-term Trend
    • Current Price: As of the time of writing, BTC is reported at $117,547.14, with a 24-hour decline of 0.06%, fluctuating within the range of $117,138–$117,750.

  2. Key Resistance and Support:
    Resistance Level: $118,000 is a critical point for bulls and bears, having been tested multiple times without a breakthrough; if it stabilizes, it may open up upward space.
    Support Level: $114,900; if it breaks below, it may drop to $113,000 or even lower.

  3. Technical Indicators:
    MACD shows expanding bearish momentum, the 4-hour moving averages are leaning bearish, but the daily RSI is close to the oversold zone, indicating a potential short-term rebound.

  4. Trading Suggestions
    Long Position: If it retraces to $116,000–$116,500 and stabilizes, consider a light long position with a stop loss at $115,500 and a target of $118,000–$120,000.
    Short Position: If it rebounds to $118,000–$118,300 and faces resistance, consider a short position with a stop loss at $118,800 and a target of $116,800–$116,000.

2. Current Market and Trends of Ethereum (ETH)

  1. Price and Short-term Trend
    Current Price: ETH is reported at $3,732.67, with a 24-hour increase of +0.2%, fluctuating within the range of $3,700–$3,750.

  2. Key Resistance and Support:
    Resistance Level: $3,750 is a critical point for bulls and bears; if broken, it may challenge $4,000; if it stabilizes at $3,700, it may rebound to $3,785 in the short term.
    Support Level: $3,500 is a key support; if it breaks below, it may drop to $3,430–$3,300.

  3. Technical Indicators:
    EMA7 and EMA30 are intertwined, MACD shows weakening bearish momentum, but the black three soldiers pattern indicates short-term adjustment pressure.

  4. Trading Suggestions
    Long Position: If it retraces to $3,680–$3,700 and stabilizes, consider a light long position with a stop loss at $3,650 and a target of $3,750–$3,800.
    Short Position: If it rebounds near $3,750 and faces resistance, consider a short position with a stop loss at $3,780 and a target of $3,700–$3,650.

3. Comprehensive Strategy and Risk Warning

  1. Overall Market Logic
    BTC: In the short term, it is constrained by the $118,000 resistance; attention should be paid to the breakthrough situation; in the medium to long term, it is supported by regulatory policies and institutional allocations.
    ETH: Stronger than BTC, with resonance in both funding and technical aspects, but caution is needed for short-term pullback risks.

  2. Risk Warning
    BTC: If it loses the $114,900 support, it may trigger long position stop losses; strict stop losses are necessary.
    ETH: Pay attention to the effectiveness of the $3,500 support; if it breaks, adjustments to positions are needed.

  3. Trading Principles
    Position Management: No single trade should exceed 10% of total capital to avoid heavy positions.
    Stop Loss Discipline: Set a 3%-5% stop loss for short-term trades, and adjust based on support/resistance for medium to long-term trades.
    Trend Following: Treat BTC as fluctuating until it breaks $118,000, and watch for breakthrough signals at $3,750 for ETH.

4. Summary

Today, both BTC and ETH are in critical resistance/support zones, with intense bull-bear battles.
BTC: If it breaks through $118,000 with volume, it may initiate a new round of increases; if it falls below $114,900, caution is needed for pullback risks.
ETH: Stronger than BTC in the short term, but attention should be paid to the $3,750 breakthrough situation; in the medium to long term, it is supported by institutional funds and on-chain activities.
Suggestion: Focus on high selling and low buying in the short term, and wait for clear breakthrough signals in the medium to long term, with strict risk control.

Due to the timeliness of price points, there may be delays in post reviews; specific operations should still be based on real-time market conditions. The above analysis of operational ranges is for reference only; the cryptocurrency market is highly risky, so please make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. Welcome to visit.

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