Yueying: July 29th Bitcoin and Ethereum Market Analysis - Extreme Pull-and-Swing Awaits a Turning Point (with Short-Term Strategy)

Bitcoin's daily chart shows a bullish candlestick pattern, briefly breaking below 63000 before rebounding and closing above the 60-day moving average. Intraday trading continued the upward trend, testing the middle Bollinger Band. The Bollinger Bands are flattening upwards, while short-term moving averages are trending downwards. The MACD fast and slow lines are crossing downwards with increasing green histogram bars. The KDJ indicator found support at 0 and turned upwards. The VR indicator is consolidating around 130. On the 4-hour chart, after a period of consolidation, a strong bullish candlestick broke through the middle Bollinger Band and is currently trading around 64500. The Bollinger Bands are flattening, while short-term moving averages are slightly upwards. The MACD fast and slow lines are converging upwards with slightly increasing red histogram bars. The KDJ indicator is crossing upwards, but watch for resistance around 100. The VR indicator is consolidating around 70. Overall, the price action hasn't changed much, maintaining a range-bound structure. False breakouts quickly recover, leading to repeated clashes between bulls and bears. Intraday strategy should focus on the range. Short-term resistance remains around 65500, with support around 63000. The interest rate decision tonight will likely cause short-term volatility; risk management is crucial. Wait for a breakout before adjusting; see short-term suggestions. Bitcoin short-term suggestions: Short at 65000, Long at 63300 (Take profits as needed after strategy activation). Ethereum rebounded after a dip, returning above 1900, showing stronger overall performance than Bitcoin; short-term trading can continue within this range. The daily and 4-hour technical analysis can be referenced in tandem with Bitcoin. Short-term resistance is around the previous high, and support is around 1800; see short-term suggestions. Ethereum short-term suggestions: Short at 1950, 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 or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!