$BTC Liying talks about coins: Latest market analysis for Bitcoin (BTC) and Ethereum (ETH) on 7.23


  
  Bitcoin’s current price is 66,080. The current trend is like a spring that has been compressed—so long as the 65,500 level can hold, there’s likely to be another push higher to test the previous high. From the technical indicators, the situation is currently tilted toward a bullish correction. Although EMA7 has crossed below EMA30 to form a short-term death cross, the price is still firmly above the EMA120 line, the bull-bear dividing line, indicating the bigger trend is still upward. The MACD indicator shows a death cross above the zero axis, and the green histogram bars are shrinking, meaning bearish momentum is weakening and the pullback is nearing its end. The Bollinger Bands are tightening downward; when the price touches the lower band around 65,544, there is usually strong demand for a technical rebound. Overall, the indicators suggest this is a shakeout during an uptrend rather than a trend reversal
  
  Short-term trade ideas (reference):
  
  Go long on the dip 65,500-65,000, stop loss 64,500, target 66,500 aiming for 67,000
  
  Go short on the rally 67,000-67,500, stop loss 68,000, target 66,500 aiming for 66,000
  
  Ethereum
  
  Family, Ethereum is at 1,945 before the稿 is published. The current price is steadily standing above all moving averages. This bullish alignment looks reassuring. Even though there are some small jolts in the middle, the big picture is still fine—so long as it doesn’t break the key level, this trend will likely continue. EMA7, EMA30, and EMA120 show a perfect bullish alignment. The MACD indicator is running above the zero axis; although the red bars have shortened, the fast and slow lines have not formed a death cross, showing that upside momentum has weakened but has not reversed. The Bollinger Bands are opening upward. The price is running close to the upper side of the mid-band; the mid-band around 1,929 forms the first dynamic support, while the upper band at 1,946 is a short-term resistance zone. A breakout above it will open up new upside space
  
  Short-term levels (reference)
  
  Go long on the dip 1,900, defend 1,850, stop loss 1,800, target 1,960 aiming for 2,000
  
  Go short on the rally 1,980, defend 2,020, stop loss 2,060, target 1,950 aiming for 1,920
  
  The above content is exclusively original by Liying. If you转载, please注明出处! The article publication is subject to review delay; the market changes in an instant. The above suggestions are for reference only—risk is your own. ‌#特朗普同意Clarity法案纳入伦理条款 $ETH
BTC0.56%
ETH1.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned