Market trend observation (

Conclusion: ETH has not yet been touched, and the short-term trend is unclear, but it may fall in the medium term. BTC is short-term bullish, waiting for the top, and entering the short-term 2B structure.
In the mid-term, ETH's resistance around 3450 is not considered a valid breakthrough on the daily chart. The rise momentum of [MACD] continues to weaken. Objectively, the market outlook shows that the MA30 moving average is trending towards the 3 o'clock direction. The trend itself is still in a oscillating state.
MACD represents the strengthening of the downward trend, the trend is also in a oscillating state, and there was a significant bearish volume at noon, so the crossover of MA30 and MA60 will not take effect in the short term. The support level is around 3300~3330.
There is no significant change within these 6 hours, which is irrelevant to the next trend, and there is still room for both rise and fall, with deviation close to the zero line. The market volume is relatively low, which is the main reason for the trend entering the consolidation phase.
Within the one-hour time period, the volume remains unclear and the direction is uncertain, so it is best to avoid touching ETH for the time being. The current consolidation range is around 3440-3540, so the price must effectively fall below 3440 before the direction can be seen. 【July 24, 2024 18:22:06】
BTC mid-term (daily chart) has confirmed its peak, the strength of the uptrend continues to weaken, and there is a significant potential for upward movement, so a correction is needed. The support level ahead is around 62800~63300, and the expected maximum target is about 60800.
The 12-hour cycle is correcting the deviation, and the strength of the downward trend is increasing, but there is currently no suitable volume. The top has been confirmed, and the golden cross of MA30 and MA60 has not yet taken effect, so we need to wait for this rally to end.
The rebound pump within 1 hour is still strong, but the volume is still low, so the temporary price has not exceeded the first resistance level of 66500. The main support level is near 67200. If there is a previous high point, you can short. The position that can change the current trend at the moment (July 24, 2024, 18:45:05) is near 66000. Therefore, orders can be placed at this position.
Develop a good trading plan, adhere to the conditions, set stop loss, set goals, keep hope, and have bottom line. Place an order and rest.
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Observation of small-scale encryption currency
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If the order is still not profitable tomorrow, please reduce the position (do not close it) because unexpected fluctuations may occur, or even the opposite fluctuations if the expected target is not achieved within the specified time.
It is not recommended to touch ETH as it does not have a clear direction in the medium and short term, both on the daily and hourly levels.
Sol, the daily level is a double top pattern, and the price is confirming the top, while there is a divergence situation, indicating the need for a pullback, representing the mid-term pullback trend, the expected target is about 156, the short-term pressure is currently around 179, if it cannot rise to this level, it will change direction, and a short position can be entered.
Avax, the target is around 25.8, with a support formed at 29.5 by the 2B structure, and the stop loss is 60.6.
SATS, the reversal trend is around 2615, and the stop loss is set at the horizontal high point of about 271.
Turbo, you can Short with a stop loss at the latest high of 0.0067.√
The position where the 2B structure is formed is 5.8, point C is at 6.0, and the first target seems to be 5.55. √
WIF, currently [24 July 2024 19:13:00], is a reasonable entry point with a 2B structure. Set a stop loss at point C, approximately around 2.67. The expected target is around 2.15.√
Whether the 0.133 short position on Ghost Perjanjian can reach the breakeven point depends on the short-term pressure around 0.1344. This short-term rebound is to confirm the overall trend. √
MEW [Target One Sun] has a bearish logic, but there is no short squeeze situation at all, and it is even more difficult to chase after the rise. You can only wait for an opportunity. Consider shorting only if it breaks near 0.00713. There is simply no chance now.√
Miggles【9095】, the underlying foundation needs to be checked.√
Bome [努力学习做镰刀]，short-term rebound has appeared, but has not yet broken through the resistance near 0.0087, and is about to turn downwards.√
Troll【波拉利思】, today's rebound level remains steady rise, very likely to continue to fall, and the liquidity is very poor, if it is investment value, then the value is $200. If it is speculation, it's not worth considering. √
Crv【Dragon King Spouting Water】, in the mid-term, is in a downward trend, indifferent to the rise, the trend will reverse downwards, there is also a downward action in the short term, indifferent to the rise, starting to turn downwards, has formed a 2B structure【July 24, 2024 21:11:03】 Currently in a bearish position, but be sure to set a stop loss, placed around the previous high point, at approximately 0.274.