Yueying: Bitcoin and Ethereum Market Analysis for July 28th - Is it a pullback to form a bottom or a bear trap? (Short-term strategy included)

Bitcoin's daily chart shows a bearish candlestick pattern, indicating renewed downward pressure and a break below the middle Bollinger Band and the 60-day moving average. The price continued its downward trend at the open, reaching around 63,000. The Bollinger Bands are narrowing, short-term moving averages are trending downwards, the MACD fast and slow lines are crossing downwards with increasing green histogram bars, the KDJ is extending downwards, and support is expected near the zero line. The VR indicator is consolidating around 130. On the 4-hour chart, the price rallied and then pulled back, briefly breaking the lower Bollinger Band before rebounding. Currently, the price is oscillating slightly upwards. The Bollinger Bands are widening, short-term moving averages are trending downwards, the MACD fast and slow lines found support at the zero line and turned upwards, and the VR indicator is consolidating around 50. Overall, the price is under pressure again, undergoing a shakeout. After the rally, it retraced to the key support area. If these levels hold, the price is expected to remain within a range for the day. Short-term resistance is around 65,500, and support is above 62,000. The key short-term support levels need close monitoring; a break below these levels could lead to a faster downward move. Short-term trading suggestions: Bitcoin: Short at 65000, Long at 62500 (Take profits as needed after strategy activation). Ethereum is just a step away from the round number level and is following Bitcoin's downward pressure, but the daily chart structure is still within an upward channel. The overall technical trend can be referenced in conjunction with Bitcoin. The short-term resistance level to watch is around the previous high, and the support level is around 1800. If it breaks through, there will be further adjustments. See short-term suggestions. Ethereum short-term suggestions: Short at 1950, Long at 1830 (For more cryptocurrency analysis, click on the image to see the homepage introduction and find Yueying). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!