Yueying: July 4 Bitcoin and Ethereum Today's Market Analysis - Can the Mid-Band Resistance Be Broken? Let's See Today's Sharing!



Bitcoin Technical Analysis ————
Bitcoin daily chart shows three consecutive bullish candles stabilizing at 60k. The day's opening continues with high-level consolidation testing resistance around the mid-band. Bollinger Bands are parallel, short-term moving averages are trending upward. MACD fast and slow lines extend upward with increasing volume. KDJ is rising, note resistance near the 100 value. VR indicator is consolidating around 80. On the four-hour chart, the price is slowly rising above the 7-period moving average, currently trading around 62,000. Bollinger Bands are opening upward, short-term moving averages are aligned upward. MACD fast and slow lines are rising with decreasing red histogram volume. KDJ encountered resistance at 100 and is turning downward again. VR indicator is consolidating around 70. Overall, the market is slowly rising and currently testing resistance around the daily mid-band. If it breaks and stabilizes, it will extend to test the neckline area; otherwise, it will first test support downward. Short-term, you can short near the mid-band resistance. After breaking and stabilizing, wait for resistance around 66,000 below. Support is around 60,000 above. Short-term strategy follows the above analysis; see short-term suggestions.

Bitcoin short-term suggestions: Long at 60,800, Short at 62,500 (Activate strategy, take profits as needed)

Ethereum Technical Analysis ————
Ethereum's rebound is slightly stronger, currently breaking through the daily mid-band. Note that if Bitcoin fails to break and retraces, Ethereum will follow. The overall technical trend of the daily and four-hour charts can be referenced in line with Bitcoin. Upper resistance is around 1,840 below, support is around 1,620; see short-term suggestions.

Ethereum short-term suggestions: Long at 1,660, Short at 1,788 (Activate strategy, take profits as needed)

——I am Zhou Yueying, a teacher focusing on technical analysis. If you have any questions about operations or trends, you can communicate and learn with me! Exchange together, profit together! $BTC #ETH突破1700
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