Linmu’s July 19 morning BTC and ETH trading strategy

From the 4-hour chart trend, although the market saw a strong rally last night, with a peak touching around 64,800, it did not break through the upper Bollinger Band resistance effectively. This is more likely viewed as the final release of bullish sentiment after the main players lured buyers. Notably, the current KDJ indicator J value is as high as 98.8, placing it in an extremely overbought zone. While the MACD red histogram momentum is strong, it has not continued to expand, indicating that bullish momentum is being exhausted and there is a need for an immediate pullback and correction.

As time progresses, it is expected that the market will build a top confirmation around 65,000–65,800, and then could initiate a pullback aimed at the 63,500 level.

Trading plan:
BTC: Buy the rebound around 65,200–65,800, target around 63,800–63,200
ETH: Buy the rebound around 1,885–1,910, target around 1,820–1,780 #PreIPOs第二期OpenAI认购 $BTC $ETH