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7.19 Crypto World Mr. Coin: Bitcoin (BTC) market analysis reference
Bitcoin's price slightly broke through the 120950 level yesterday, leading to pressure. Subsequently, the price continuously retraced downwards, and now the trend has corrected to the area above 117000. The bullish sentiment within the day has weakened, and the market has once again entered a range consolidation.
On the daily chart, although the price rebounded yesterday, there was insufficient follow-up supply, and the trend did not stabilize upward. Currently, it is retracing again to test the support below, with the recent low around 117300. If the price cannot sustain a rebound and break through yesterday's high resistance during the day, it is expected that the consolidation will continue for some time. Day trading should maintain a strategy of selling high and buying low.
On the short-term hourly chart, the Bollinger Bands are narrowing, with the price under pressure and retreating to the middle and lower band areas. The short-term middle band resistance is at the 118500 level. If the price can break above and stabilize, it is expected to return above 120,000. Conversely, if there are multiple attempts that fail to form an effective breakthrough, the price is expected to retreat to the 11500-11600 support area.
7.19 Bitcoin short-term reference:
The trial position is 12.05W - 119500W, with a defense at 121500 supplement, stop loss: 500 target below 118000,
Open the test position at 1150000-1160000, stop loss 500, defense at 1135000 for a补, target above 117800.
7.19 crypto world Mr. Coin: Ethereum (ETH) market analysis reference
Ethereum has recently been in a one-sided upward trend, with prices continuously breaking new highs. Currently, the intraday price has once again broken through the 3600 resistance, further testing upward. There is a pullback near the intraday high of around 3673, and the bullish sentiment has temporarily eased. The current coin price is running around 3550. If it can stabilize above 3600 during the day, there is a chance to reach new highs towards the 3700 line in the future. Conversely, if it cannot stabilize above 3600, there may be an opportunity to retrace to lower support.
The daily chart shows a consecutive series of bullish candles breaking out with volume. On July 16, there was a single-day surge of 7.45%, forming a gap. On July 18, it reached a high of 3673 before closing with a long upper shadow. On the hourly chart, a double top structure formed at 3624, and the current price has fallen below the neckline at 3580, establishing a short-term head pattern. MACD: The daily DIF(235) and DEA(148) continue to diverge upwards, but there is a top divergence on the hourly chart, with DIF falling from 73.42 to 29.39. There may be a short-term pullback, but it is not significant; the pullback has not broken below 3480. Overall, the outlook remains bullish, and it is recommended to mainly focus on buying during pullbacks.
7.19 Ethereum short-term reference:
Test short position: 3640-3680, stop loss 30, target 30-60 points,
Test the position at 3480-3545, stop loss 30 points, target above 3470,
There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how confident you are in your market judgment, you must manage your take profit and stop loss properly. Lock in your gains for safety #GT 2025第二季度销毁# #美加征关税# #BTC再创新高# #ETH# #BTC#