Yueying: Bitcoin and Ethereum Market Analysis Today (July 8th) - Strong? Risk of a Plunge Below 65 Still Exists (Short-Term Strategy Included)

On the daily chart, Bitcoin's price action shows a false break below the middle Bollinger Band and the 7-day moving average, followed by a long-tailed rebound. Intraday opening saw resistance around 64000, leading to a further decline. The Bollinger Bands are narrowing, with short-term moving averages converging upwards. The MACD fast and slow lines are extending upwards, while the red histogram is shrinking. The KDJ indicator is facing resistance at 100 and turning downwards. The VR indicator is consolidating around 110. On the 4-hour chart, the price action shows volatile fluctuations, currently trading above the middle Bollinger Band. The Bollinger Bands are parallel and upwards, with short-term moving averages trending upwards. The MACD fast and slow lines are trending downwards, with the green histogram shrinking. The KDJ indicator is turning upwards, but watch for resistance around 100. The VR indicator is consolidating around 190. Overall, after a slight dip, the price rallied, briefly breaking above 64000 before pulling back. The key short-term focus is whether the price can break and hold above 64000. Failure to do so could lead to another decline, while a move above 66000 could see further testing. Support is seen above 61000. Short-term entry points should be based on support and resistance levels. Here are some short-term trading suggestions. Bitcoin short-term suggestion: Buy at 61800, Sell at 64200 (Take profits as needed after strategy activation). Ethereum's trend hasn't changed much; after a slight pullback, it quickly rebounded to around 1800. Intraday price fluctuations are not significant, continuing to consolidate around high levels. The overall technical trend analysis on the daily and four-hour charts can be referenced in tandem with Bitcoin. Watch for resistance around 1850, and support continues to be seen at the daily chart's middle band. A break below this level will lead to further adjustments. Ethereum short-term suggestion: Buy at 1700, Sell at 1820 (For more cryptocurrency analysis, click the image to see the homepage 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!