Weekly Analyze of Crypto Investing in July, 2022

Date: Jul 18, 2022-Jul 22,2022

This week, the crypto market has come out of the rebound expectation, and the heat has also increased.

BTC's weekly low box structure broke through heavy volume, showing a rising relay pattern. The daily line has an adjustment pattern after touching the upper edge of the descending channel, and there is a trend of breaking through and stepping back for validity verification. The support range is 21500–22000, and the pressure range is 26000–26500.

ETH's weekly upward trend continues and there are signs of acceleration. The big Yin column of the former entity completed the recovery. 1450 becomes critical. The daily line is currently in a horizontal consolidation stage, and will face the suppression of the lower edge of the previous convergence structure after further breakthroughs. The support range is 1350–1450, and the pressure range is 1700–1800.

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