#Altcoin Season Coming?#


Analyst Chen Shu: 7.22 yesterday's strategy was effective, focus on 11.85 during the midday, analysis strategy for Bitcoin and Ethereum market.
Yesterday midnight article analysis suggested shorting Bitcoin at 11.9/120,000 and shorting Ethereum at 3730/3780. The market provided entry points, and the short positions are currently profiting 1500/60 points.

From the daily chart of Bitcoin, after yesterday's market correction, it has continued to rise to the 120,000 line. The key short-term support level to pay attention to is the MA5/10-day moving average. If it completely loses the 118,000 support level, the short-term correction will continue. If it holds above 118,000, the short-term will maintain a high-level consolidation pattern. Looking at the 1-hour chart, the short-term is fluctuating around the MA256-day moving average of 118.5. This line can be treated as a dividing line for bulls and bears in the short term.
From the daily chart of Ethereum, yesterday's daily candle formed a green doji star. The short-term has seen two consecutive doji stars, indicating a divergence in price. The bullish momentum is beginning to slow down. The daily focus is on the MA5 moving average at 3700; if it is lost, the next support looks at the MA10 moving average at 3500. The hourly support focuses on the MA120 moving average at the 3670 level, while the 4-hour focus is on the MA30 moving average at 3680. The short-term attention is on the support zone between 3700 and 3680.
Midday operation strategy (written at: 15:00):
BTC: 11.9 short, add to short at 120,000, target 11.8/11.7; look for a rebound of around 2000 points at 11.7/11.6 long.
ETH: Short at 3720, add to short at 3760, target 3650/3620; Long at 3630/3580, watch for a rebound of 5-80 points.
The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can click to follow, collect, like, and comment for free, thank you all, and feel free to leave comments below for discussion, I will reply one by one #山寨季来了?# #稳定币监管风暴# #Gate 6月透明度报告# .
BTC0.04%
ETH-0.6%
NIGHT1.25%
LOOKS-1.48%
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