Director's 1142th original daily market analysis
2023 .7 .22
1. Market sentiment:
2. Chart structure:
1、#BTC
#BTC 1H structure:
At present, the trend structure of the big cake is still in the central trend of a downward channel. It is now approaching the upper pressure and is estimated to move downward to the support below. In the short term, it is still a downward oscillating trend. As far as the current trend is concerned, the downward risk is still there. After all, interest rates are going to be raised again, so it may have an impact in the short term.
However, the large-scale trend, such as the daily trend, is still in a volatile environment. In the second half of the year, the more the market falls, the more opportunities there will be.
#BTC 15F structure:
Currently, Bitcoin is in the center of an upward channel, and the trend is basically in a state of low volatility, without much meat.
Going down, the support is around 29500, then it will rebound for a few hundred dollars, and then continue to go down.
As for the current trend, we still need to pay attention to the risks at the 4H level. After all, the probability of going down is increasing.
2、#ETH ：
#ETH 1H structure:
The concubine is still oscillating in a 1H center. The participation of the concubine is still relatively low at present, and more attention is paid to the big cake.
If it goes down, let’s see if 1850 can hold up. If it does, there will probably be a small rebound. The current market does not have much space and direction. It is all caused by short-term funds that create a wave of market conditions and then retreat after harvesting a wave of hot money.
4. Warm reminder: Investment is risky. For investment with spare money, remember to never fully invest and never take loans. We only provide information and do not constitute buying or selling advice. Buying and selling are free and risks are borne by yourself.