Yueying: 7.28 Bitcoin Ethereum today's market analysis ETH adjustment ends, oscillation upward begins a new round of rebound.

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

Bitcoin Technical Analysis————

The daily chart for Bitcoin shows that the previous K line closed positively, breaking through the 7-day moving average, but once again met resistance at the upper edge of the range. The market opened and retraced to retest the 7-day moving average. The Bollinger Bands are in a contracted state with short-term moving averages flattening out. The MACD fast and slow lines are crossing downward, and the volume bars are increasing again, while the KDJ is running upward with the VR indicator consolidating around the 150 value. Looking at the 4-hour chart, the price is encountering resistance in the upper band, showing consecutive downward moves. The Bollinger Bands are flattening out and showing signs of contraction, with short-term moving averages revolving around the middle band. The MACD fast and slow lines have broken the 0-axis and show signs of a turn, with volume bars decreasing and KDJ crossing downward. The VR indicator is consolidating around the 80 value. Overall, the market has returned to the previous oscillation range, so in the short term, we should continue to treat it according to the previous support and resistance levels. This week has a lot of news, making it a super data week, with the most important events being the interest rate meeting on Thursday morning and the non-farm payroll data on Friday. Therefore, we should be more cautious in handling the market this week. Focus on short-term trading.

Short-term Bitcoin: Short at 119700, Long at 116800 (strategy activation has space for self-control)

ETH Technical Analysis————

The technical analysis of ETH shows a slow rising structure after the weekend's fluctuations. This wave of correction around the 3500 level has ended. As long as there are no significant negative surprises in the news this week, we remain optimistic about another rise. However, we should also be cautious of any sudden drops for position washing. In the short term, support is focused above the 3800 level, while resistance is around 4000. After breaking through, we will pay attention to the previous high around 4100. Looking at short-term trends.

ETH short-term: 4030 short (4158 short), 3848 long (strategy activation has room for self-assessment)

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