Yueying: BTC & ETH Market Analysis for 7.23–7.24 Today — The Neckline Breakout Battle Intensifies (with Short-Term Strategy)

Let’s take a look at today’s share!

Bitcoin (Big Pie) Technical Analysis————
On the daily chart, the previous K is under pressure and pulled back around the upper Bollinger Band at 67,000, closing as a bearish candle. During the day, the opening continued lower to test the 60-day moving average. The Bollinger Bands are moving sideways; the short-term averages are arranged upward. The MACD fast and slow lines slightly turn downward, and the histogram shrinks with reduced volume. The KDJ crosses and runs downward; watch the support near the 50 value. The VR indicator is consolidating around 150.
On the 4-hour chart, the market has been adjusting weakly downward for a while, and is currently running above the lower Bollinger Band and the 60-day moving average. The Bollinger Bands are contracting; the short-term averages move downward. The MACD fast and slow lines extend downward, with green volume bars continuing to expand. The KDJ extends downward; watch the support near the 0 value. The VR indicator is consolidating around 160.
Overall, the short-term candle structure maintains an upward channel with higher lows, but in a slightly larger timeframe, the W-pattern neckline has not been broken. The risk to watch in the short term is a fake breakdown of the neckline followed by a further drop and retracement. Therefore, keep resistance on the upside around 68,000. Also, if it doesn’t break, it will directly retrace. No matter which scenario plays out, the key support below is around 62,000; once it breaks, it will likely form a daily-chart triple-bottom test.
In the short term, Yueying is more inclined to a fake breakdown of the neckline: if the pullback does not break, then around 63,500 it will consolidate again. So the short-term plan is as follows;

Bitcoin short-term suggestions: Sell 67,500, Buy 64,200 (activate strategy: if you’re in profit, manage accordingly)

Ethereum (Coin “Yi Tai”) Technical Analysis————
Ethereum’s recent volatility has been relatively small. Although the short-term trend is bullish, it has been making a slight intraday pullback following the Big Pie, and is currently in a repair and adjustment phase while testing a short-term minor support area. For the overall technical situation on the daily and 4-hour charts, refer to Big Pie as the main reference. On the upside, short-term resistance is around 2,000; on the downside, support is around above 1,800. Then watch for the short-term setup.

Ethereum short-term suggestions: Sell 1,988, Buy 1,840 (activate strategy: if you’re in profit, manage accordingly)

——I’m Zhou Yueying, a teacher focused on technical analysis. If you have any questions about operations or trends, you can exchange and learn with me! Let’s communicate together and profit together! $BTC ‌#SEC警告链上借贷或涉证券监管