Yueying: July 10th Bitcoin and Ethereum Market Analysis - Support Effective, Bulls Reignite Hope? (Short-Term Strategy Included)

On the daily chart, Bitcoin found support near the middle Bollinger Band and closed positive. Intraday trading saw a slow upward trend, breaking through the 64,000 level. The Bollinger Bands are parallel, short-term moving averages are trending upwards, the MACD fast and slow lines are extending upwards with increasing red histogram bars, the KDJ is turning upwards again (watch for resistance around 100), and the VR indicator is consolidating around 110. On the four-hour chart, the price has risen consecutively, reaching near the previous high and currently trading near the upper Bollinger Band. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD fast and slow lines are extending upwards with increasing red histogram bars, the KDJ is encountering resistance near 100 and turning downwards, and the VR indicator is consolidating around 140. Overall, the market found support and retested the previous high. The support below held, rekindling hope for the bulls. However, if the short-term support level of 65000 holds, the market will likely continue to decline. Conversely, if it holds, it will test the neckline around 67000. Currently, short-term focus is on the support around 63000. If this level holds, the market will continue to rise. Resistance is seen below 65000; a break below this level would require waiting for the 66800 level for further short-term support. Bitcoin short-term suggestion: Buy at 63500, Sell at 64800 (manage profits as needed). Ethereum's intraday price action is limited, consolidating within a small range. The daily and 4-hour technical charts can be used in conjunction with Bitcoin's analysis. Short-term resistance is around 1850, and support is around 1700. A break below these levels would lead to further corrections; refer to the short-term suggestion for further analysis. Auntie's short-term trading suggestion: Buy at 1730, sell at 1820 (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. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!