Yueying: Bitcoin and Ethereum Market Analysis (July 23-24) - Neckline Holds, Battle Intensifies (with Short-Term Strategy)

On the daily chart, Bitcoin's previous candlestick encountered resistance around 67000 (upper Bollinger Band) and fell back to close lower, forming a bearish candle. Intraday trading continued downwards, testing the 60-day moving average. The Bollinger Bands are flat, with short-term moving averages trending upwards. The MACD fast and slow lines are slightly turning downwards with decreasing volume. The KDJ indicator is crossing downwards; watch for support around the 50 level. The VR indicator is consolidating around 150. On the 4-hour chart, the price has been in a weak downward correction, currently trading above the lower Bollinger Band and the 60-day moving average. The Bollinger Bands are narrowing, with short-term moving averages trending downwards. The MACD fast and slow lines are extending downwards with increasing green volume. The KDJ indicator is extending downwards; watch for support around the 0 level. The VR indicator is consolidating around 160. Overall, the short-term candlestick pattern maintains an upward channel with rising lows, but the neckline of the W-shaped pattern in the broader perspective has not been broken. The short-term trend needs to be wary of a false break below the neckline followed by a sharp pullback. Therefore, the resistance level to watch remains around 68000. Another point is that if it doesn't break, it will immediately pull back. Regardless of the trend, the key support level is around 62000. A break below this level would lead to a triple bottom test on the daily chart. In the short term, Yueying leans towards a false break below the neckline, followed by a pullback that doesn't break below 63500 and then consolidation. Therefore, the short-term suggestions are as follows: Bitcoin short-term suggestions: Short at 67500, Long at 64200 (strategy activated, manage profits as needed). Ethereum has recently experienced smaller fluctuations. Although the short-term trend is bullish, it has slightly pulled back intraday following Bitcoin and is currently testing short-term support and in a corrective phase. The overall technical trend on the daily and four-hour charts can be referenced in conjunction with Bitcoin. The short-term resistance level to watch is around 2000, and the support level is above 1800. See the short-term suggestions. Auntie's short-term trading advice: Short at 1988, long at 1840 (For more currency analysis, click on the image to see the homepage introduction and find Yueying) — I am Zhou Yueying.