Zhou Yanling: 7.22 Bitcoin Ethereum latest trend prediction analysis and trading strategy

Now the market has reached a critical moment. After the bullish rise, don't get too excited; the volatility has not been broken yet. Last night, after Ether broke through 3850, it did not continue to rise but instead fell below the previous day's low of 3680. After this break, we need to be alert. Yesterday, the market was fearful of heights and hesitant to go long, while today is a one-sided downward trend. A strong pullback in the morning is usually followed by an adjustment before a rebound, or a rebound without adjustment. It seems to provide lower entry points for longing, but the possibility of being lured into a long position is not small. The larger the pullback, the less we should go long. A strong trend does not have deep adjustments, and a deep adjustment is not strong. If we cannot regain 3770 in the afternoon, Yan Ling will temporarily give up chasing longs and instead watch for a pullback. The rhythm of the volatile market is very important; do not play in a one-sided manner.
From the perspective of technical indicators on the market, the daily chart shows that the recent price has rapidly surged, forming a strong upward trend. However, there was a noticeable pullback from last night to this morning's trading session, with a long upper shadow bearish candlestick, indicating a heavy selling pressure in the short term. On the hourly chart, after several rounds of fluctuations and consolidations, the price has broken downwards, presenting a weak adjustment pattern in the short term. The hourly MACD histogram continues to expand with green bars, with the DIF and DEA forming a death cross and diverging downwards, increasing bearish momentum; the daily DIF is gradually approaching the DEA, which may indicate the formation of a death cross. The hourly RSI is around 40, indicating a weak area and has not entered the oversold zone; the daily RSI has dropped from above 70 to around 50, showing a weakening of bullish strength. The hourly EMA7, EMA30, and EMA120 moving averages show a bearish arrangement, with the current price operating below all moving averages; the daily EMA7 is turning down and approaching the EMA30, and if it breaks below, it will further confirm the adjustment trend. Overall, the short-term operation should primarily focus on bearish pullbacks, and after the pullback bottom is in place, then re-enter long positions.
Zhou Yanling 7.22 Ethereum trading strategy:
1. Short at 3800-3760, stop loss above 3850, target 3670-3630, continue to look for a decline near 3540.
2, above 3560-3590, stop loss below 3520, target 3670-3720
Zhou Yanling 7.22 Bitcoin trading strategy:
1. More than 116000-116800, stop loss below 115000, target 119000-120000
2, 121000-120000 short, stop loss above 122000, target 118000-117200
The above analysis and strategies are for reference only. Please bear the risks yourself. The publication of the article may be delayed, and the strategies may not be timely. Specific operations should be based on Yanling's real-time strategies.
This article is exclusively shared by senior analyst Zhou Yanling. The author has been engaged in financial market investment research for over ten years, currently focusing on analyzing and guiding the trading of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies in both contracts and spot trading. With a solid theoretical foundation and practical experience, the author excels in combining technical analysis with market news, emphasizes capital management and risk control, and has a steady and decisive trading style, recognized by many investment friends for a personable and responsible character coupled with sharp and decisive execution.