Yueying: Bitcoin and Ethereum Market Analysis (July 13th) - When Will the Bottom Range Be Broken Through?

Bitcoin's daily chart shows a doji candlestick pattern, indicating resistance around 64000 and a pullback. Intraday opening saw a false break below 64300, followed by another test of the 7-day moving average. The Bollinger Bands are flat, with short-term moving averages aligned horizontally. The MACD fast and slow lines are trending upwards with decreasing red histogram bars. The KDJ indicator is trending downwards, with support around the 50 level. The VR indicator is consolidating around 110. On the 4-hour chart, after an early morning plunge, the price rebounded slightly intraday and is currently testing the 60-day moving average resistance around the lower Bollinger Band. The Bollinger Bands are widening, with short-term moving averages slightly downwards. The MACD fast and slow lines are trending downwards with increasing green histogram bars. The KDJ indicator found support at 0 and turned upwards. The VR indicator is consolidating around 140. Overall, the price action encountered resistance again near the previous high, experiencing a slight dip to test lower levels. The inability to break through this resistance increases the probability of further declines and even new lows. Only a break above this key level can sustain the bullish outlook towards 70,000. In the short term, focus on the resistance below the previous high, with support around 61,500. A break below this level would require another test of the 60,000 mark. For now, focus on the large range of the candlestick pattern. See short-term recommendations. Bitcoin short-term recommendations: Long at 62,000, Short at 64,200. The short position given above on Ethereum was filled, but the upside was limited. The price action this morning encountered resistance around 1850 and dipped, as expected. The overall technical analysis of the daily and four-hour charts can be referenced in conjunction with Bitcoin's price action. Continue to watch for resistance around the previous high, with support around 1700. The strategy remains the same for short-term recommendations. 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!