July 26 Midday Analysis: BTC & ETH
On the 4-hour timeframe, the market remains generally bearish. Prices are trapped between the middle and lower bands of the Bollinger Bands, with moving averages forming a bearish pattern. Nevertheless, downward momentum has weakened notably.
On the 1-hour timeframe, prices are still under downward pressure, stuck in prolonged sideways consolidation with shrinking volatility, signaling an upcoming breakout. Based on multi-timeframe indicators, bulls are accumulating momentum at lower levels, making an upward rally highly likely in the near term.
Trading Strategy
• BTC: Place long orders within the range of 63500–64000, target price at 65500
• ETH: Place long orders within the range of 1840–1860, target price at 1910
$NVDAB $BTC $ETH
#比特币挖矿难度或下调1.2% #Wise拟按GENIUS法案重申银行牌照 #特斯拉本周跌近20%
On the 4-hour timeframe, the market remains generally bearish. Prices are trapped between the middle and lower bands of the Bollinger Bands, with moving averages forming a bearish pattern. Nevertheless, downward momentum has weakened notably.
On the 1-hour timeframe, prices are still under downward pressure, stuck in prolonged sideways consolidation with shrinking volatility, signaling an upcoming breakout. Based on multi-timeframe indicators, bulls are accumulating momentum at lower levels, making an upward rally highly likely in the near term.
Trading Strategy
• BTC: Place long orders within the range of 63500–64000, target price at 65500
• ETH: Place long orders within the range of 1840–1860, target price at 1910
$NVDAB $BTC $ETH
#比特币挖矿难度或下调1.2% #Wise拟按GENIUS法案重申银行牌照 #特斯拉本周跌近20%