Market trend observation (

Result: BTC has entered a 15-minute intense phase and currently has no direction. If you have set your stop loss level and have a short order, you can continue. If you have short or long positions, pay attention to 66000. You can place a short order for BTC [July 31, 2024, 18:46:12], and the stop loss may be a little higher, 67000~67500 according to your preference [I personally set it at 67500]. Calculate at least the stop loss level for ETH, which I set at 3370 and is currently idle [July 31, 2024, 19:05:45].
The medium-term downward trend of BTC continues to strengthen, and the price has already entered a downward trend as it has successfully completed the peak. The daily candlestick chart has started to move downward【Very important】. The immediate support is around 65000, last night around 65200, a long wick candle was observed, an attempt was made to reach the expected target. The divergence issue has not been alleviated in any way, indicating that the likelihood of continued decline is still high.
Within the 12-hour period, the downward trend is still increasing, with support around 63500 ahead. There is currently room for both upward and downward movements. The price is fluctuating downward.
During the 6-hour period, the continuous Party shake weakened the strength of the trend, the volume was normal, and there was a gap from top to bottom.
In the 2-hour period, an unsynchronized trend is observed. Currently, the movement continues in the Rebound direction, so the trend of the current 2-hour period shows a horizontal upward trend. This is also the main reason for the current price to remain unchanged.
In the short term, the price has remained in a continuous decline on an hourly basis, but the downward deviation that occurred around 10 am yesterday has been completely corrected and it could be ready for a decline at any moment. The upcoming support levels are around 65000 on the daily candlestick chart and the dip points around 63300-63800, these are our expectations.
The mid-term ETH market continues to weaken, which is completely different from BTC's performance, and it has been maintaining a neutral position for the past three days, which is the main reason for the weakening of the downward trend, so we can currently call it a lateral decline.
There is no strong trend in Rebound in the 12-hour period because there is potential for an upward movement in the 12-hour period, but the rise is not happening, and it is moving downwards in the meantime. MA30 has clearly made a downward turn. MACD can always strengthen or weaken.
In the 6-hour period, the MA60 has already started to turn downwards, but the trend still maintains the pump trend, the strength of the rebound represented by the MACD is now gone and has already peaked, the price has already entered a downtrend.
The trend represented in the 4-hour period is quite mixed - it's not a rise, not a fall, not a fall. The resistance around 3380 failed to break. Therefore, while there is a breakdown movement in the big period, there is an upward trend in the small period.
The strength of the Ribaundpump trend in the 1-hour period is weakening, so the short-term direction is about to turn downwards. The nearest short-term support is around 3270. You can try a short order now 【2024年7月31日18:59:03】 and the stop-loss level can be at 3370. Because the determining factor in the upcoming period is not the 【long-term trend direction】, but rather the range of upward and downward movements of ETH.
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The order must definitely determine the stop loss level.
In the trades we make, the reason for definitely setting the stop loss level is that our analysis results are definitely subjective. It doesn't matter which analysis we use, market sentiments are not that objective. Since the stop loss level has not been triggered yet, it means that the trend has not been broken yet. As long as the lower limit is not broken, the expectation remains unchanged!!!
If the stop loss order is triggered due to the evening news today, there should be another opportunity to place a short order tomorrow 【the order must not be too large】. In this case, there are at most two opportunities, and if it is triggered for the second time, it may be necessary to consider placing a short order.
Learn to rake by working hard. There is a downward movement every hour, but this only disrupts the current downward trend and has not yet received a rebound confirmation, so it is still too early to buy.
Wif【哈哈9186】, continues to remain in a downward trend in the medium term, but the short-term development trend is not very good, there is currently no opportunity to ride a good ship, it is advisable to wait for now. √
Doge【Not a trap, not an uncomfortable ski】, long-term transactions are not suitable because it is in the stage of medium-term downward trend and short-term rebound has not yet occurred and has not been fully corrected from the previous downward deviation, in short, it may not move in the short term.
Xrp【老enayi一枚】, you cannot touch contracts because the price of xrp is highly fluctuating. And xrp has not shown a clear direction after a long period of turbulence. Many chips have accumulated during this process of turbulence, and if it breaks, it will be terrible - the rise will be terrible. It is suitable for spot buying. After buying, you don't look at the rise and fall. √
Arb【Slow bird flies first】, SpotMargin Renewal may wait for a while, then prices can continue in a shaky manner as long as it is not broken around 0.62 in a continuous downward trend for a while【More than 1 month】, in this case, Margin Renewal can be made, but not concerned about the decrease or increase until returning to the normal Position. √
Bsv【炙焱】, touched the rebound at the weekly level, rose in a V shape, currently undergoing a 4-hour pullback, there won't be a medium-term pullback if the price doesn't drop below 47.8, and there is still a large pumping area at the daily chart level. The target for the last daily chart level is approximately around 63. √
Left【Longitude啊】, in the medium term, it is following the same trend as BTC, with even greater deviation, so there is enough bear logic and currently there is a downward trend in the short term, disrupting the current pumping trend, and even short-term 2B structures are emerging, suitable for trying a short order, place a short order for the current price【2024年7月31日19:48:04】, you can set the stop loss level at 185. √
Lista【炙焱】: Trade data cannot claim fraud, at least it doesn't seem normal, currently making a short-term rebound, correcting deviations, short-term pressure is about 0.558.
Ada【楠楠1486】, a good investment target, the long-term trend is very good, there is currently an upward movement at the weekly level, but the support around 0.4 at the weekly level has not been broken, the downward trend is weakening. Therefore, the pumping trend will start soon. This expectation.
Currently, the market is continuing a downward trend in the medium term and forming a downward trend at the weekly level. Therefore, it is directly looking for support around 20, and the daily candlestick chart confirms the trend peak, so the trend is downward. At present, it maintains a downward swing trend. There is a bearish outlook, which is not constructive for now, and there are evening news, with significant risks.
Jto【Hadi. Xiao Xiao】, bearish logic, at least the confirmation of Ribaund after the 3.0 drop should be confirmed first, and then the position of boarding the ship should be observed. √
Bch【万千益达】, 390 short order has been closed, there is a chance to break even, at least the trend has turned downward from the 12-hour cycle, the front area, which is near 390. When it's around 400, you can reduce your position as needed. √
Magic [Doktor] has been fluctuating at a weekly level for a month, and the strength of the downward trend is weakening. From a technical perspective, it is a suitable position for entry. √