Yueying: July 27 Bitcoin and Ethereum Today’s Market Analysis — Uptrend Channel Structure Unchanged, Waiting for Neckline Breakout


Stay tuned for today’s update!

Bitcoin Technical Analysis————
Bitcoin, on the daily chart: the previous K-line is supported at the middle band and rebounds, closing with a strong bullish candle. During the day, after a slight pullback at the open, it then stretched upward and moved above the 65,000 area. The Bollinger Bands are moving sideways; the short-term moving averages are arranged upward. The MACD fast and slow lines are parallel and trending upward, while the volume bars have slightly increased. The KDJ is running upward—watch for resistance near the 50 value. The VR indicator is consolidating around the 140 level.
On the four-hour chart: the K-line structure is consolidating and moving upward, with higher lows continuing to form. The Bollinger Bands are opening; the short-term moving averages are sticking together and moving upward. The MACD fast and slow lines are moving upward; the red volume bars continue to expand. The KDJ is blocked at the 100 level and turns back downward again. The VR indicator is consolidating around the 60 level.
Overall: the market has support and rebounds again. The K-line pattern continues to maintain the structure of higher lows. The short-term outlook remains unchanged—continue to watch resistance around the previous high area. For support, focus on the daily middle band and the 60-day moving average area. As long as the neckline is not broken, look for consolidation first. After a successful breakout, if it can stand above the major divide at the 70,000 threshold, then the reversal for the bulls is fairly clear. For now, it’s still a “watch while walking” approach. For the short-term, the suggestion is:

Bitcoin short-term suggestion: 66,600 sell, 64,500 buy (if the strategy is activated and there is profit, manage it at your own discretion)

Ethereum Technical Analysis————

Ethereum: the strong bullish candle stretch has broken through the previous high, showing strong bullish momentum. Next, watch how it fares at the breakout of the whole-number level. Note that around the high area, be cautious about chasing. In the short term, the plan is mainly to buy on pullbacks. The overall technical outlook on the daily and four-hour charts is aligned with Bitcoin—use the same reference. For upside resistance in the short term, watch the 2,050 area from below; for support, watch the 1,880 area. Short-term suggestion:

Ethereum short-term suggestion: 2,030 sell, 1,900 buy (if the strategy is activated and there is profit, manage it at your own discretion)

——I’m Zhou Yueying, a teacher focused on technical analysis. If you have any issues with execution or trends, feel free to communicate with me so we can learn together and trade together for profits! $BTC #ETH重返1900美元
BTC-4.19%
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