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‼July 26‼
BTC Market Analysis + Today's Crypto News
1. US stock market trends:
--Last night, the US stock market continued to rise, not breaking below the daily trend line, but today BTC is weakening and has broken below the defense line, looking for a correction.
2. #BTC Virtual Assets:
-- After a period of volatility, a correction has occurred, breaking the convergence triangle pattern: pay attention to the fact that the 12-hour trend line has been broken and weakened. If there is no reversal to return to the trend line within three days, the pressure is too high, and short positions should be established.
3. #Popularity ETH:
--The difference is too large, ETH is above the trend line, and the two are beginning to diverge.
4. The current key support level for #BTC: turning bearish
Current core interval reference:
• Upper resistance: The original support has become a resistance level near 118800
The fluctuations over the weekend were small, and the 12-hour trend has been broken, so long positions should exit.
On Monday, pay attention to the market for #eth多单,# btc short positions with a conservative strategy, keeping both positions consistent. To ensure no liquidation, you can arrange for a wave.