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July 12th midday Bitcoin and Ethereum trading suggestions and outlook
Every entry and exit is a reminder that true composure comes from confident steps, not rushing for success or underestimating oneself. Only then can you anchor your direction amidst changing tides. The Monday morning opening was steady, and after the initial thoughts, Teacher Big-Frame indicated a sideways upward movement. Bitcoin (大饼) moved from the 90500 level to a high of around 92380, while Ethereum (二饼) moved from 3110 to a high of about 3167. This morning, we set a buy order at around 90597 for Bitcoin and 3110 for Ethereum. We planned to exit near 91864/3148 after a stretch. Bitcoin again gained over 1500/38 points, and the key to success is in early planning and analysis, allowing steady progress.
From the current market, the 4-hour chart shows that Teacher Big-Frame's two consecutive positive candles indicate a sideways upward trend, with the Bollinger Bands expanding. The middle and upper bands are trending upward, and the Dodo投 pattern is prominent. On the 1-hour chart, Bitcoin shows four consecutive positive candles, continuing to rise toward 92379 with some resistance. Currently, it is correcting slightly, with the Bollinger Bands expanding. It remains in an upward channel, and the momentum from Dodo投 has not fully released. Technical indicators show MACD: DIF and DEA maintain a golden cross, with the MACD histogram positive and expanding, indicating bullish momentum. KDJ: J value has broken above 100 into overbought territory, suggesting a short-term pullback is needed. Therefore, midday trading should focus on buying after dips, continuing the bullish trend.
Bitcoin around 92100 to 91500 can be bought, watch for 93500.
Ethereum around 3150 to 3120 can be bought, watch for 3200.