Yueying: 7.12 Bitcoin Ethereum market analysis today, BTC strongly aims for 120,000, beware of retracement adjustment actions.

I am Zhou Yueying, and let's take a look at today's sharing!

BTC Technical Analysis ————

Bitcoin has strongly broken through and surged to create a new historical high again. Looking at the daily chart, it has achieved 4 consecutive upward days breaking through the upper band. The Bollinger Bands are in a trumpet opening state with the short-term moving averages running upwards. The MACD fast and slow lines have crossed upwards with increasing volume bars, and the KDJ has crossed upwards, paying attention to the resistance near the 100 value. The VR indicator is consolidating around the 140 value. In the 4-hour view, the market has surged with 6 consecutive upward days breaking through the upper band and is currently back to a lower range for consolidation. The Bollinger Bands are in an opening state with the short-term moving averages arranged upwards. The MACD fast and slow lines are extending upwards with decreasing volume bars, and the KDJ has turned down again. The VR indicator is consolidating around the 220 value. Overall, the technical aspect continues to lean towards strength, but this wave of over 10,000 dollars in increase has not had a proper pullback adjustment. Therefore, if it continues to surge, it is essential to remain alert. Whether it is a consolidation adjustment or a slight pullback adjustment, it is a normal and healthy trend. Technical indicators also need correction, and short-term operations must manage risk well, whether it is following the trend or against it. Be cautious with risk management.

BTC short-term: 119800 short (120900 short), 115800 long (strategy activation has room for discretion)

Concubine technology analysis ————

The aunt has broken through the 3000 level and entered a slight pullback adjustment. The overall technical aspect is linked to BTC as a reference. This wave of increase of more than 500 dollars has also not shown any significant pullback adjustment. Similarly, one must be cautious of any upward surge that does not pull back afterwards. In the short term, pay attention to the resistance around 3100 and 3200, and intervene based on the situation. Focus on short-term trading.

Auntie short line: 3088 short (3180 short), 2930 long (2858 long) (strategy activation has room for self-assessment)

——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! See you next time.