Market News | Daily Main Token Trends Overview

2023-07-26, 02:58

The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.

BTC

Concise Comments: The current short-term market is still undecided in its direction. There is a possibility of a retracement in the overall upward trend. If adopting a bullish strategy, close attention should be paid to the purple line representing the upward trend. A breach of this trend line could signal the end of this year’s rebound. The next support level is at $28,535 USD.

WLD

Concise Comments: Yesterday’s suggestion to enter positions at the low levels of $1.8450 USD and $2.0204 USD, aiming for $2.319 USD, $2.425 USD, and the top level at $2.584 USD, has resulted in a realized profit of 31.51% for the short-term targets. The short-term upward trend continues, with the next targets being $2.584 USD, $2.785 USD, and $3.350 USD.

UNIBOT

Concise Comments: A clear inverted head and shoulders pattern has emerged on the short-term hourly chart, with strong support at $103.03 USD. A breakout position can be considered, with the next potential targets at $213.18 USD, $289.19 USD, and $336.16 USD.

OPIUM

Concise Comments: Historically reached an all-time high of $28.58 USD and has since dropped by 99.70%, indicating a potential return of nearly 37,945% or close to 370 times for investors at this entry point. Suitable for high-risk investors to pay attention to. The short-term bottom is at $0.06505 USD, and positions can be lightly established with subsequent targets at $0.09400 USD, $0.15782 USD, and $0.21268 USD.

ETH

Concise Comments: The short-term trend has once again fallen below the $1,857 USD support level. A bearish strategy should wait for a rebound to $1,857 USD before considering a short position with a target of $1,755 USD. If the medium and long-term structure does not stabilize at $2,037 USD, the overall direction remains bearish.

BNB

Concise Comments: The four-hour chart shows a tightening triangle pattern, but the short-term trend is still bearish if it fails to stabilize at $246.0 USD. The next support level is at $230.1 USD, and the major defense line is at $221.3 USD.

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https://www.gate.io/post/AxMRBAQDWVVVBl9QQgO0O0OO0O0O555

Author: W-Strategy

*This article represents only the views of the author and does not constitute any investment suggestions.

*The article’s content is original and the copyright belongs to the author. If reprinting is required, please indicate the author and source. In all cases, legal action will be taken due to copyright infringement.