Attention Attention ⚠️

Evening session on July 25
1️⃣Ether:
Ethereum found effective support at 8 AM this morning on the first downtrend line I drew and bounced back. However, at 10 AM, it retested and confirmed the failure of the first support. Nevertheless, it received effective support on the second downtrend line I drew and rebounded above the first downtrend line. In the afternoon, after multiple retests confirming that the first downtrend line showed false breaks, it is currently experiencing a rebound.
Currently, it is about to return to the central axis of the oscillating range. If it cannot break through effectively, it will continue to retrace.
2️⃣ Bitcoin:
The big coin has actually broken below the downtrend line. I took the pin level of July 11 at 115200 as the final bottom line this afternoon. The one-hour level has falsely broken below but confirmed that the support is effective. Currently, the resistance levels above the big coin are: the downtrend line, 117000, 119300, 120000.
3️⃣ Supplement
I believe everyone can see that Ethereum has differentiated. Although Ethereum is currently rebounding, it is still below the downtrend line. Therefore, the current pullback may be the demand for the entire market.
Ethereum currently has a problem. The strong rebound of Ethereum is because the MACD on the one-hour and four-hour levels is about to finish the bearish energy and is set to form a golden cross. However, on the larger daily level, the MACD is about to finish the bullish energy and is set to form a death cross. If the daily death cross forms successfully, then a pullback is unavoidable. If bullish energy emerges again afterwards and the daily death cross fails to form successfully, then the upward trend will continue.
So everyone should try to open positions at support and resistance levels. Remember to take profits when you reach the target or reduce your position, while keeping the remaining part to break even. #Gate Launchpad IKA上线 #Strategy增持比特币 #内容挖矿，赚丰厚返佣 #七月行情预测 #KOL星火计划破千