Yueying: 7.20 Bitcoin Ethereum today's market analysis Is the Ether price stop rising indicating a peak before a big dump or a mid-way buffer period?

I am Zhou Yueying, and let's see today's sharing!

Bitcoin ETH technical analysis————

On the daily chart, Bitcoin has formed a bearish doji candlestick that has broken below the 7-day moving average. Intraday, it opened with minor fluctuations and is operating below the 7-day average. The Bollinger Bands continue to maintain an upward opening, with the short-term moving averages trending upwards. The MACD fast and slow lines are extending upwards, showing signs of a potential turn, while the volume bars are decreasing. The KDJ is crossing downwards, and the VR indicator is consolidating around the 200 level. On the 4-hour chart, the market tested the lower band and then rebounded, facing resistance at the mid-band before moving down again. The Bollinger Bands have flattened and slightly opened, with short-term moving averages showing signs of turning down around the mid-band. The MACD fast and slow lines are extending downwards, and the volume bars are increasing again. The KDJ has turned down and is facing resistance, while the VR indicator is consolidating around the 120 level. Overall, after the market has undergone fluctuations and adjustments, there are signs of a weak trend. However, it is expected to trend sideways over the weekend. In the short term, pay attention to the support around the 4-hour lower band and the 60-day moving average. If it breaks down, it will continue to test downwards. On the upside, focus on the resistance below the 4-hour upper band when considering short-term trades.

Bitcoin short-term: short at 119300, long at 117300 (strategy activation has space for self-adjustment)

Ethereum technical analysis————

The strong market of ETH has temporarily halted its rise and is adjusting after entering the weekend, starting the upward movement from 2500. This wave of over 1000 dollars in rise did not see any significant pullback along the way, and the current market situation is normal. A rapid surge requires a pause. Whether this is a temporary peak or an adjustment during the rise needs further observation. In the short term, we will follow Bitcoin to observe the range fluctuations, paying attention to the previous low area below. If it breaks, it will continue to test the range of 3400-3380. The upper reference is based on the lower high points. Looking at short-term trends.

ETH short-term: 3618 short, 3508 long (strategy activation has room for self-control)

——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! See you next time.