7.24 Evening Thoughts and Suggestions

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Today, the fluctuations of Bitcoin and Ethereum are still showing strong volatility in the market. With resistance above and support below, Uncle Zhang seized the opportunity. Although the results did not meet expectations, he successfully secured profits with his companions.
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Analysis of Bitcoin on the 1-hour level shows that the current K-line trend is exhibiting a weak oscillation pattern. The price is fluctuating repeatedly below the moving average system, with the short-term moving averages flattening out and lacking upward traction. The Bollinger Bands are in a contracting state, with significant resistance at the upper band and support at the lower band not yet effectively exerting pressure. The overall trading volume in the suburban areas is low, and the K-line combinations are mostly small bearish and bullish consolidation patterns, indicating a lack of confidence. In the short term, it is likely that the price will continue to oscillate downwards, with notable bearish signals.
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It is suggested to look at around 118600 for Bitcoin, and below 117500. For Ether, look around 3640, and below 3580 #比特币# .