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Mufeng looks at the trend: Analysis of the Bitcoin/Ethereum market on the evening of July 21 with trading suggestions.
From the weekly level of Bitcoin/Ethereum, this week's KDJ and MACD continue to move significantly upward. In terms of BOLL, the upper track continues to open upward, but there has been a breakout in the upper track. This week, the coin price has created a significant gap with the five-day moving average. On the daily line, KDJ is still forcibly moving upward at a high level (forcing an increase in the overbought area), and the upper track of BOLL continues to open upward significantly, with the coin price remaining high without a drop. In fact, the volume is continuously supporting it. Based on the weekly line, a technical adjustment with a pullback is expected to occur during this week, which is anticipated to be repaired to some extent. Otherwise, there will be no connection for future upward volume. Therefore, the evening operation will first treat the rebound as a short, with specific points of reference:
BTC: Short at 118800-119800, target 116300
ETH: Short near 3840-3880, target 3740
The above is my personal evening operation suggestion. The market conditions change rapidly, and the article has a certain degree of lag. Specific operations should be based on real-time guidance.