Weekly Analyze of Crypto Investing in July, 2022
Date: Jul 11, 2022-Jul 15,2022
This week, most crypto currencies in the encrypted market are still in the stage of range consolidation, and the strong ones have completed their breakthroughs. There is a strong expectation overall.
BTC's weekly positive column reversed and recovered for the second time, and the daily line slowly rose. The trend and shape are similar to those in early June, and the continuity remains to be verified. The key point of the structure is whether it can stabilize above 21500 after the breakthrough. The support range is 19500-20000, and the pressure range is 22000-23000.
The weekly yin and yang of ETH alternated, and the trend reversed upward after the long lower shadow reached the 1000 mark. The lower edge of the daily box received support again and walked out of the third wave of rebound. Compared with the previous two times, the band rhythm accelerated. If the structural high is effectively broken, it will bring a wave of trend extension. The support range is 1070-1120, and the pressure range is 1350-1450.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
This week, most crypto currencies in the encrypted market are still in the stage of range consolidation, and the strong ones have completed their breakthroughs. There is a strong expectation overall.
BTC's weekly positive column reversed and recovered for the second time, and the daily line slowly rose. The trend and shape are similar to those in early June, and the continuity remains to be verified. The key point of the structure is whether it can stabilize above 21500 after the breakthrough. The support range is 19500-20000, and the pressure range is 22000-23000.
The weekly yin and yang of ETH alternated, and the trend reversed upward after the long lower shadow reached the 1000 mark. The lower edge of the daily box received support again and walked out of the third wave of rebound. Compared with the previous two times, the band rhythm accelerated. If the structural high is effectively broken, it will bring a wave of trend extension. The support range is 1070-1120, and the pressure range is 1350-1450.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
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