Yueying: Bitcoin and Ethereum Market Analysis for July 20th - No Break, No New Structure Awaiting (with Short-Term Strategy)

On the daily chart, Bitcoin's previous candlestick was a doji, indicating an upward move that failed to break through. Intraday, it opened higher and tested the 60-day moving average before pulling back under pressure. The Bollinger Bands are narrowing, with short-term moving averages slightly upward. The MACD fast and slow lines are parallel upward with decreasing volume. The KDJ indicator has turned downwards and is moving towards support around the 50 level. The VR indicator is consolidating around the 130 level. On the 4-hour chart, the price touched the 65000 area before pulling back, and is currently trading above the 60-day moving average and the middle Bollinger Band. The Bollinger Bands are flat, with short-term moving averages trending downwards. The MACD fast and slow lines have turned downwards and crossed downwards with increasing green volume. The KDJ indicator is extending downwards, so watch for support around the 0 level. The VR indicator is consolidating around the 130 level. Overall, the market hasn't changed much, and the short-term strategy remains the same. Continue to refer to the previous high as resistance above, and the 63000 level as short-term support below. Short-term entry should be based on support and resistance levels, waiting for a breakout. The strategy is to execute trades as soon as they are filled. See short-term suggestions. Bitcoin short-term suggestions: Short at 64500, Long at 63000 (Take profits as needed after strategy activation). Ethereum's market is fluctuating within a limited range, but the longer the consolidation, the closer a breakout is. The daily and 4-hour technical charts can be referenced in tandem with Bitcoin. Short-term resistance is around 1900, and support is above the daily middle band. If these levels hold, short-term entry should be based on support and resistance levels. See short-term suggestions. Ethereum short-term suggestions: Short at 1880, Long at 1790 (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!