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7.26 Saturday early morning Bitcoin Ethereum market analysis and trading suggestions
Contract liquidations are as natural as breathing, while spot trading traps one as a permanent shareholder. During the day, analysts shout about a bull market returning quickly, only to be educated by spikes that the bull is merely passing by. A day in the crypto world equals ten years in reality—referring to the speed of aging; the most absurd thing is that when you're short, the price surges, and when you're fully invested, it declines; it soars when you sell, but when you hold, it goes to zero. The account balance plays like bungee jumping, and the mindset has been worn down to dust, only to realize in the end: it turns out you are the 'coin' that has been trapped. Today's market shows a clear trend of downward volatility. At the beginning of the morning session, Bitcoin continued its bearish momentum, briefly dipping to a low of 114800 before stopping; then the bulls launched a counterattack. However, after rebounding to 116814 in the evening, the momentum was insufficient and it faced bearish pressure again, eventually retreating to around 114990. Ethereum's movement was highly synchronized with Bitcoin, first retracing to a low of 3575 in the morning before rebounding, then hitting a high of 3745 in the evening before facing pressure and finally stopping at 3602 for support.
In today's trading layout, we accurately grasped the market rhythm, completing six successful trades: we placed a short position on Bitcoin at 118350 in the morning and took profit at 116500, earning a space of 1850 points; we opened a short position on Ether at 3716 and closed it at 3652, making a profit of 64 points. In the afternoon, we seized a short-term opportunity, entering a short position on Bitcoin at 115900 and taking profit at 114900, gaining 1000 points; during the rebound of Ethereum, we decisively opened a long position at 3659 and closed it at 3735, earning a space of 76 points. In the evening, as the market weakened again, our swing strategy struck accurately: we took profit on the Bitcoin short position at 116700 at 115000, gaining 1700 points; we closed the Ethereum short position at 3730 at 3625, earning a space of 105 points. Today's trading layout was intricately linked, fully demonstrating our precise control ability over the market rhythm.
From the 4-hour candlestick chart, the market bears have broken through the lower support line with four consecutive bearish candles, leading to a re-entry into a range-bound pattern. The recent rebound lacks sustainability; whenever the bulls attempt to push higher, the bears quickly counterattack and suppress. Considering the upcoming weekend, the market is expected to maintain a range-bound consolidation, and a trading strategy of selling high and buying low can be adopted, seeking suitable entry opportunities within the oscillation range.
Bitcoin: Short position can be taken near 116800, with a short-term target of 115000.
Ethereum: Short positions can be taken around 3680-3700, with a short-term target of 35500 #余币宝年化收益破24%# #Gate Launchpad IKA上线# .