Yueying: Bitcoin and Ethereum Market Analysis (July 5th) - Can the Slow Rise Breakout Continue? Short-Term Strategy Included

Bitcoin's daily chart shows a bullish candlestick breaking through the middle Bollinger Band, opening higher and consolidating around 63,000. The Bollinger Bands are narrowing and flattening, with short-term moving averages trending upwards. The MACD fast and slow lines are moving upwards with increasing red histogram bars. The KDJ indicator encountered resistance at 100 and turned upwards, while the VR indicator is consolidating around 90. On the 4-hour chart, the price tested the upper Bollinger Band and encountered resistance, trending downwards. Currently, it has broken below the 7-day moving average. The Bollinger Bands are widening upwards, with short-term moving averages trending upwards. The MACD fast and slow lines are turning downwards and converging with decreasing volume. The KDJ indicator has crossed downwards after turning, so watch for support around 50. The VR indicator is consolidating around 140. Overall, the market continues its slow upward trend. The daily moving average (MJ) resistance has been broken, and in the short term, the MJ will act as a support level. Market volatility is expected to be lower over the weekend, with potential changes in the evening. Watch for resistance around 66000 and support around 61500. Short-term entry points should be based on these support and resistance levels, awaiting further developments next week. For Bitcoin, short-term suggestions: Buy at 62000, Sell at 65200 (take profits as needed). Ethereum (ETH) shows a false break below 1800 on the 4-hour chart, with intraday price action currently below the 7-period moving average. The overall technical analysis should be referenced in conjunction with Bitcoin. Watch for resistance around 1840 and support around the daily MJ around 1670. For Ethereum (ETH) short-term suggestions: Buy at 1700, Sell at 1828 (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying). —I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me if you have any questions about trading or trends! Let's exchange ideas and benefit together!