Yueying: Bitcoin and Ethereum Market Analysis for July 22 - Breakout of Previous High, Testing Neckline, Bottom Consolidation Ends?

Bitcoin's daily chart shows a bullish candlestick breaking through the upper Bollinger Band resistance and reaching around 67,000. Intraday opening saw a slight pullback, consolidating near the upper band. The Bollinger Bands are widening upwards, short-term moving averages are aligned upwards, the MACD fast and slow lines are extending upwards with increasing red histogram bars, the KDJ is trending upwards with resistance around 100, and the VR indicator is consolidating around 160. On the 4-hour chart, the price encountered resistance around the upper Bollinger Band and pulled back, currently trading above the 7-period moving average around 66,000. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD fast and slow lines are slightly turning downwards with decreasing volume, the KDJ is crossing downwards with support around 50, and the VR indicator is consolidating around 250. Overall, the market has broken through the previous high, and the trend structure remains upward with fluctuations. The key area now is around the neckline of the W pattern; we'll see if it can extend its upward momentum and break through again. The next two resistance levels are around 68,000 and 70,000. In the short term, focus on the 68,000 area. The short-term candlestick pattern shows a pattern of rising lows, with support levels around 64,600 and 63,000. Focus on the area above 64,600 for short-term reference. Bitcoin short-term suggestion: Short at 67,500, Long at 65,300. Ethereum's slow upward trend remains above 1900. The daily and four-hour technical charts are similar to Bitcoin's. Short-term resistance is around 2050, and support is around 1800. Ethereum short-term suggestion: Short at 2015, Long at 1850 (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 strategies or market trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!