7.25 Friday early morning Bitcoin Ethereum market analysis and trading suggestions
Did you think you hit rock bottom? It turns out there’s a basement under the floor, and beneath the basement, there’s hell, which is actually divided into eighteen layers! Just when you cut losses and left, the market immediately took off; as soon as you gritted your teeth to chase the high, a waterfall instantly teaches you a lesson. Drawing K-lines is more thrilling than a pirate ship at an amusement park, and liquidation messages are more punctual than alarms. During the day, I stared at the charts until my eyes sparkled, and at midnight I dreamt of shouting "add margin." In the crypto world, a day equals ten years in the human world, and the balance in your account is a heart-racing game. In the end, I realized the clown was actually myself—turns out the big players had long been holding your chips, laughing at the storm from their yachts. Remember, there is no value investment here, only survivor bias, and a group of diamond hands pretending to be calm. Bitcoin rebounded from a low of 117384, briefly touching a high of 119276, before falling back to stabilize at the support level of 117162; entering the afternoon, after consolidation, buying pressure once again pushed the price up, with an evening high touching 119669. Ethereum's movement was highly synchronized with Bitcoin, starting its rebound from a low of 3528, reaching a high of 3665 during trading before facing selling pressure and dropping back to 3509, but in the evening, bulls returned, pushing the price up to an intraday high of 3778, showing strong market resilience. Today's market overall presented a range-bound oscillation, with both bulls and bears still undecided on a clear direction. The day’s trading strategy was flexible and varied: in the morning, we first positioned for a rebound, closing a Bitcoin long at 119200 for a gain of 700 points; Ethereum’s long at 3617 also performed well, exiting at 3659 for a gain of 42 points. In the afternoon, as the market pulled back, we accurately captured a second buying opportunity, closing a Bitcoin long at 118700 for a gain of 1450 points; Ethereum’s long at 3514 was also profitably closed at a high of 3624, adding another 100 points to our results. In the evening, we timely shifted our strategy to short positions, successfully closing a Bitcoin short at 117900 for a gain of 800 points.
From the analysis of the current 4-hour level trend, the market presents a typical consolidation pattern. After the price touched the middle band of the Bollinger Bands, it began to pull back but received strong support above the lower band, closing with a significant long lower shadow bearish candle. This suggests that bearish forces encountered strong buying resistance at lower levels. Subsequently, the market recorded two consecutive bullish candles, further validating the effectiveness of the support at the lower level. From a technical perspective, the price is currently operating within a clear consolidation range. The upper side is under double pressure from previous highs and the upper band of the Bollinger Bands, while the lower side has solid support built by the lower band of the Bollinger Bands and recent lows. From the moving average system, the short-term moving averages are starting to flatten and intertwine, while the medium to long-term moving averages remain stable. This arrangement of moving averages also confirms that the market is in a stage of accumulation and consolidation, currently looking at a pullback from the high position.
Bitcoin: Short position around 119000-119500, short-term target 117000
Ethereum: Short position near 3730-3750, short-term target 3620
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