Observation of market trend (

Conclusion: The mid-term direction is bearish, there is currently no condition for shorting [bearish but not shorting], the short-term direction is about to turn downwards [BTC], ETH is still maintaining an upward trend, continue to hold long positions, and remain cautious without long positions.
In the mid-term market, BTC's pump trend is still strengthening, but the current volume is not large, and the pullback is not good. The pullback on the 25th is not enough to repair the previous upward deviation. Now the price is still trying to break through, so this is an extreme rally. The immediate resistance ahead is around 70800~71000, with a chance of a Long Wick Candle, but it is not stable.
The deviation repair in the 12-hour cycle is slightly better, which is also the main reason for the price to have some pump space. The long-term moving average continues to rise after the formation of the golden cross.
In the 6-hour chart, the strength of the pump trend is also increasing, but based on the volume, there is no follow-up for the time being, so the price has not been too long ahead.
The 1-hour cycle is suppressed by shorting in the big cycle, and it is not a valid breakthrough in the short-term market. At this time, the short-term market starts to oscillate sideways, and the volume is not large. The strength of the pump trend is also continuously weakened under the effect of sideways. The recent short-term support is around 68500. Therefore, the price cannot be shorted temporarily until it effectively falls below this position and confirms the short-term rebound, so do not short until the conditions are met.
In the mid-term ETH market, the intensity of the downward trend is still weakening. The recent resistance near 3330 has been successfully broken, so the next resistance is around 3480. And now, there is room for pump and dump in the market.
In the 12-hour chart, the MACD has turned around, and the price has risen quickly under the push of some longs volume. The 60 moving average will start to turn upwards, but it will take a few more days. The distribution of the moving averages at this time is not ideal, it is very chaotic.
The pressure of the 6-hour period is almost around 3420, and the pump trend is continuing to strengthen, so now, except for the daily candlestick level, the trend is in sync. The price is still moving up. But longs volume is clearly starting to decrease. The MA30 and MA60 have already crossed downwards.
The pressure in the 1-hour cycle is also around 3410~3420. At this time, the volume is shrinking significantly, and the market has a certain upward deviation. Of course, there is limited room for a sharp rise, but there is also a need for a pullback. The short-term support is around 3330. ETH should not be touched for now.
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Observation of Small Tokens
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Yesterday's planned order was canceled because the current short-term trend has exceeded expectations and is now moving upwards. You can wait for an opportunity to find a position and re-short.
ETH has a fren with many long positions, first reduce position to lock in profits【2024年7月29日20:07:42】
Wif【竹子】，cannot short temporarily, high risk. Because the short-term trend has not set a new low, it is not considered a downtrend. Does not meet the definition of a trend. Need a breakthrough action and Rebound confirmation. √
Cfx [8a20] 0.1767 long position, the price must go up before the next hour is over. If it doesn't go up, at least stop loss in place, because on a larger time frame, the deviation has not been repaired yet. √
People【026a】, whether in the short term or medium term, have no direction, so it's best not to touch. √
BCH [Road to the Peak], it is better not to touch the contract. The trend at the weekly level has been confirmed and turned into a pump trend. Moreover, the pullback at the daily candlestick level is doing well, so. You can see around 497 ahead. Short-term pullback is expected, √
Sol【3c76】, the medium-term (daily candlestick) is also bearish, not Short. The recent support is around 171, and the next support is around 160. The condition for shorting is when the recent short-term support near 183 is effectively broken, and the rebound cannot go up, which is the condition for shorting.
Ar [4663], the order can continue to hold. It is about to have a short-term pullback. The current market has risen in the short term and is becoming a bit long. It may pull back at any time. The price has started to move sideways. The take profit is not far from 31.9. At this position, you don't necessarily have to sell all, but you must reduce your position to secure profits and capital. √
Even without considering external factors, there is no condition for shorting Doge 【c8a3】now. √