Yueying: July 5th Bitcoin and Ethereum Market Analysis – Can Slow Grind Breakout Continue? Short-Term Strategy Attached. See today's share!



Bitcoin Technical Analysis:
On the daily chart, BTC broke through the middle Bollinger Band and closed bullish. The day opened with consolidation around the high of 63,000. The Bollinger Bands are narrowing and flattening, short-term moving averages are upward, the MACD fast and slow lines are moving upward with increasing red histogram volume, the KDJ indicator is turning up after encountering resistance at the 100 level, and the VR indicator is consolidating around 90. On the 4-hour chart, the price tested the upper Bollinger Band resistance and then consolidated downward, currently breaking below the 7-period moving average and trading below it. The Bollinger Bands are opening upward with short-term moving averages arranged in an upward direction. The MACD fast and slow lines are turning down and converging, with volume shrinking. The KDJ indicator has turned and crossed downward, extending toward the 50 level for support, and the VR indicator is consolidating around 140. Overall, the market continues to grind upward. The daily middle Bollinger Band resistance has been broken, so the middle band now serves as support to reference. Weekend market movements are smaller, with changes expected in the evening. Pay attention to the resistance around the 66,000 area below and the support around the 61,500 area above. Short-term trading can reference these support and resistance levels and wait for new changes next week. See short-term suggestions.

BTC Short-Term Suggestion: Long at 62,000, Short at 65,200 (Activate the strategy and manage profits on your own).

Ethereum Technical Analysis:
On the 4-hour chart, ETH tested the 1800 level briefly and then pulled back. During the day, the price moved downward and is currently trading below the 7-period moving average. The overall technical trend can be referenced in sync with BTC. Focus on the resistance near the 1840 area below and the support at the daily middle Bollinger Band around 1670. See short-term suggestions.

ETH Short-Term Suggestion: Long at 1700, Short at 1828 (Activate the strategy and manage profits on your own).

— I am Zhou Yueying, a teacher specializing in technical analysis. Anyone with questions about operations or trends is welcome to communicate and learn with me! Let's communicate and profit together! #ETH突破1700 $BTC
BTC0.77%
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