The evening of July 24th: Big pie and auntie’s analysis
The uptrend keeps the moving averages running upward. The short-term moving average has leveled off after turning, forming short-term resistance. However, the medium- and long-term moving averages continue to rise, providing support to the行情. This pullback is a corrective pattern in which the price revisits and tests moving-average support. In past price action, after each time this uptrend repeatedly pulls back to the moving average and then starts again, it has launched another rebound. The effectiveness of moving-average support in this round still needs to be verified. Once the pullback stabilizes, the moving averages will again shift from acting as resistance to acting as support.
Trading suggestions:
Big pie (BTC): consider around 64,500–65,000, and look for 66,000
Second pie (ETH): consider around 1,860–1,870, and look for 1,940
$BTC #美联储9月加息概率升至约82%
$ETH #全球科技股延续抛售
$BNB #美参议院否决伊朗战争权力决议
The uptrend keeps the moving averages running upward. The short-term moving average has leveled off after turning, forming short-term resistance. However, the medium- and long-term moving averages continue to rise, providing support to the行情. This pullback is a corrective pattern in which the price revisits and tests moving-average support. In past price action, after each time this uptrend repeatedly pulls back to the moving average and then starts again, it has launched another rebound. The effectiveness of moving-average support in this round still needs to be verified. Once the pullback stabilizes, the moving averages will again shift from acting as resistance to acting as support.
Trading suggestions:
Big pie (BTC): consider around 64,500–65,000, and look for 66,000
Second pie (ETH): consider around 1,860–1,870, and look for 1,940
$BTC #美联储9月加息概率升至约82%
$ETH #全球科技股延续抛售
$BNB #美参议院否决伊朗战争权力决议
