Yueying: July 16 Bitcoin & Ethereum Today Market Analysis—Has the “oscillating upward” pattern changed? Attached: Short-term trading strategy.

Let’s see what we share today!

Big Cake Technical Analysis————
For the daily chart of Big Cake, the previous K closed as a doji bearish candle. After breaking to a new high, it pulled back slightly and then moved downward. During the day, price opened and continued to test the 7-period moving average band as it moved lower. The Bollinger Bands are slightly turning upward, with the short-term moving averages arranged in parallel. The MACD fast and slow lines are running upward, and the histogram volume is shrinking. The KDJ is turning downward and extending; pay attention to resistance near the 50 value. The VR indicator is consolidating around 110.
On the four-hour chart, the market is falling with consecutive bearish candles; it is currently running around the middle band at 64,000. The Bollinger Bands are slightly tightening, and the short-term moving averages are pointing downward. The MACD fast and slow lines are turning downward and sticking together, while the histogram continues to shrink. The KDJ is extending downward after a cross; pay attention to support near the 0 value. The VR value is consolidating around 90.
Overall, the high-to-low pullback move matches expectations. After making a new high, a short-term retest is normal. For near-term resistance, continue to watch the daily upper rail and the 60-day moving average band. For support, refer to around 63,000. As long as the pullback does not break short-term support, you can continue to look upward. For short-term entries, trade around support and resistance—see the short-term recommendations below;

Big Cake Short-term Recommendation: Long at 63,500, short at 65,500 (If the strategy is activated and you have profit, manage it yourself)

Little Ether Technical Analysis————

The 1938 short order given above for Little Ether already played out about a 70-dollar move. Overall, the trend is bullish and also relatively resistant to drops. After breaking the high of this swing, it followed Big Cake with a slight pullback. In the short term, the market still needs a pullback and consolidation. The overall technical analysis logic on the daily and four-hour charts is linked with Big Cake—use Big Cake as reference.
For resistance overhead in the near term, watch the area around the prior high. For support, refer to the area around 1,800 above. The strategy can continue to be used once more. Here are the short-term recommendations.

Little Ether Short-term Recommendation: Long at 1,820, short at 1,938 (If the strategy is activated and you have profit, manage it yourself)

——I’m Zhou Yueying, a teacher focused on technical analysis. If you have any questions about trades or the trend, you can exchange and learn with me! Let’s communicate together and profit together! $BTC ‌#ETH站稳1900美元