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[Today's Market Analysis - BTC - 7.28]
For educational purposes only in technical analysis, not as investment advice. Profit and loss are the sole responsibility of the investor.
👉 Plot: Yesterday it took a brief flight. This was caused by the accumulation from the big players, but the path is very tortuous. It will not take off immediately. Because the big players are still in short positions, but the pressure is not strong. For now, this pressure is recognized as a form of price suppression. If the short positions around 120,000 are not closed, then the price will not surge. Further observation is needed. The big players for ETH are accumulating, and the pressure is gradually increasing. As long as BTC rises, ETH will make a big bullish move. Meanwhile, if BTC further shorts, ETH will only drop symbolically.
👉Position:
BTC pullback: 1185, 1175, extreme pullback 116, intraday top 122
ETH pullback: 381, 376, extreme pullback 369, intraday top 40
🌟 Intraday trading idea: buy on pullbacks.