Zhou Yanling: 7.29 Bitcoin Ether today's latest trend forecast analysis and trading strategy

Over the weekend, there were reports that the EU has accepted a 15% import tariff from the US, which is only half of the level threatened by President Trump previously. The market quickly returned to caution, as the favorable impact of the agreement on the EU remains unclear. According to the agreement, the US will impose import tariffs on EU automobiles, while the EU is expected to make significant investments in US energy and military equipment, without taking any retaliatory measures. It is worth noting that the 50% tariff imposed by the US on EU steel and aluminum products will remain unchanged.
From a technical perspective, the current price of the coin has rebounded after two days of fluctuations over the weekend, then quickly fell back on Monday evening. The daily chart is currently in an adjustment phase, showing a generally weak oscillating trend. On the hourly chart, several recent candlesticks have formed long upper shadows, indicating heavy selling pressure above, while the lower shadows are relatively short, showing limited buying support. The hourly MACD histogram continues to be negative, with the DIF and DEA crossing downwards and diverging, indicating that bearish momentum is dominant. The daily MACD is also gradually weakening but has not fully entered the bearish territory. The hourly RSI has quickly fallen from the overbought zone (above 70) and is currently at 44.55, reflecting weak market sentiment; the daily RSI remains between 50-60, indicating an unclear trend. The hourly EMA7 and EMA30 moving averages are both turning downwards, with EMA7 having fallen below EMA30, indicating significant short-term pressure; the daily EMA120 provides strong support, with the current price approaching this moving average position. In terms of operations, Yan Ling is more inclined to focus on buying during pullbacks.
Zhou Yanling 7.29 Bit trading strategy:
1. Between 117000-117800, stop loss below 116000, target 119000-119800.
2. Short 120000-119000, stop loss above 121000, target 117600-116600
Zhou Yanling 7.29 Ether trading strategy:
1. More than 3700-3740, stop loss below 3660, target 3850-3900, continue to look at around 4040 for upward movement.
2. Light short at 3900-3860, stop loss above 3950, target 3750-3700.
[The above analysis and strategies are for reference only. Risks are to be borne by yourself. There may be delays in the review and publication of the article, and the strategies do not have timeliness. 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 and currently mainly analyzes and guides the trading of BTC, Ether, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies in both contracts and spot markets. He has a solid theoretical foundation and practical experience, is adept at combining technical and news-based trading strategies, places great emphasis on capital management and risk control, and has a steady and decisive trading style. His easygoing yet responsible personality, along with sharp and decisive operations, has earned him recognition from many investment friends. #美欧达成关税协议#