Market trend observation (


Conclusion: The short-term direction remains downward, pay attention to the short-term support around 62800 and the support near ETH 3370, try not to leave orders over the weekend. The mid-term direction remains long. There are no entry conditions for now.
BTC is sideways instead of falling in the short term, and it will continue for a while. At this time, try not to keep orders over the weekend, regardless of long or short positions. Because there will naturally be opportunities on Sunday. Then observe and find a reasonable entry point.
ETH's short-term trend is also sideways, and it needs to find a position to enter again on Sunday. The overall direction remains unchanged, looking for a long position.
The daily chart is in a Sideways consolidation, and the pump momentum is weakening. The downward deviation has been fully repaired successfully, and the price has successfully broken through the recent resistance near 63000. There has been a significant change in the slope of the 30-day moving average.
The trend of the 12-hour cycle is clearly Sideways oscillation, and the pump trend strength remains weakened. The MA30 is clearly turning upwards, and the deviation is not very serious.
In the 6-hour period, the downward trend did not show a significant increase in strength, and the volume during the period was not particularly large, which is the main reason for the current oscillating trend. The deviation has been repaired to a large extent. The main focus now is on the deviation status of the 6-hour period. As long as the repair is successful, the next direction [direction of medium-term trend] will still be upward.
The deviation on the 4-hour timeframe has been completely corrected, and the trend strength is clearly weakening, so the main reason for the inability of the price to pump now appears on the 6-hour timeframe.
In the 2-hour chart, the MACD, which represents the strength of the short-term downtrend, is weakening. The support near 63000 has been tested, but has never been broken. The MA30 moving average has undergone a significant change, which will be a pre-action to entering a dense trading area.
In the 1-hour chart, the MACD has completely lost any regularity in its changes. However, in terms of the trend itself, it is still trending downwards. However, '横' should be translated as 'long'. From the volume, we can see the market sentiment change, and the subsequent trend is still more inclined towards long.

The mid-term trend of ETH still maintains a Sideways oscillation state, and the pressure near 3450 is not considered a breakthrough. Moreover, the continuous Sideways oscillation has weakened the trend intensity. This is due to the fact that the volume during the day is not longs volume.
The strength of the pump trend in the 12-hour cycle is continuously weakening, which is also caused by sideways fluctuations. The deviation is not very large, and there is a certain space for pumping, so this sideways fluctuation is not caused by the 12-hour cycle itself.
In the 6-hour period, the trend strength is still increasing in the market, but the overall trend strength is not strong. The shortsvolume is not very large, and the deviation state is still being repaired. However, the trend itself is in a oscillating state, indicating that the price is not willing to fall.
In the short-term chart of the 1-hour cycle, the strength of the downward trend is still weakening, and the price has a strong support near 3370. The price has been falling and not moving, so even if the current direction is downwards.



Small Coin Observation
Chit-chat
The moving average has the function of support and pressure, but it cannot be used as support.
The underlying logic we look at is that the important support must not be effectively broken down. BTC is around 62800, while ETH is around 3370. If it is effectively broken down, then the medium-term bullish logic no longer exists. The oscillation high point is around 65000, while ETH is around 3470.
The role of support and pressure is some anchor points for the view of the market.

SATS【0b3d】, the recent short-term pressure is around 274. If it doesn't go up within 2 or 3 hours, consider exiting. √
Id [Tiger 6], short order at 0.48. The order can be continued to hold, but it should be noted that the recent short-term pressure is around 0.465. √
The long order 【龙王喷水】 of BTC64200, the recent 5-minute support is around 63600. The market volume is relatively large now, so the stop loss should be relatively large. The expected target ahead is around 64800. Therefore, the order can continue to be held. √
Ondo wants to buy some Spot 【貂蝉】, the mid-term trend is in a sideways downward state, and the price is currently forming a top, indicating a potential downward reversal. At this time, the short-term price is falling but not moving, but the trend has already formed. The fundamentals are good, suitable for buying Spot, but you need to wait for the price to fall and not move. At least maintain Sideways for more than a month on the weekly chart before entering the market. √
Dog [Financial Enthusiast] meme coin, is now in a mid-term downward trend and has entered a downward trend [successful top], so it is unknown where it will fall to. Do not do Margin Replenishment. √
Wuf【财迷心窍呀】, whether it is in the mid-term or short-term, is in the pump trend, and the cost price is relatively low, so continue to hold. √
Avax【貂蝉】, there is something abnormal in the weekly trend, as there has been a breakthrough, but now it has been sideways for more than a month, and the downward trend is weakening, which is suitable for buying Spot. The short-term trend has entered a downtrend, with the recent short-term support near 26.6. √
Sats【9ccd】, 2648 placed a short order, stop loss at 2851. [Plan the order and remember to set stop loss after the transaction is completed]. You can exit directly when the expected target reaches 205. √
Shib【9ccd】, Rebound did not exceed 186, the turning point continues to be short. √
ETH6,06%
BTC3,96%
SATS6,52%
ONDO7,05%
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DogVillagevip
· 2024-07-19 20:46
Bro, how's CRV? The volume has increased recently.
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