In July 16th, according to a media analysis, the short-line structure of BTC and ETH was repaired, the XRP remained in vulnerable areas and ZEC remained relatively strong. The core judgement of the article is that there is a certain back-flow of purchases in the market, but that there are significant differences in the level of restoration of different assets.

BTC back to the key line.

Bitcoin is back on the 26-day average and is trying to build support near $65,000. It is mentioned that the 50-day mean line along the $6.41 million line has been recovered, and the next, more significant, resistance position is at about $6.85 million, a 100-day average.

The analysis concluded that the BTC had been supported between 58,000 and 60,000 United States dollars and had subsequently rebounded. This round has been more stable than the previous quick-down restorations, but the turnover has not been significantly amplified, so it is difficult to consider for the time being a trend reversal confirmed.

ETH close to $1944 resistance.

According to the article, the current graph of the Taifeng is stronger than bitcoin. ETH has been repositioned on the 26 and 50-day average, at a price close to $1,920 and close to 100-day average resistance of approximately $1,944.

Unlike repeated rebound setbacks during the year, this uplink was accompanied by an increase in turnover and a simultaneous improvement in kinetic energy indicators. It is mentioned that ETH formed a higher and lower point after a major fall in June, and that it has recently broken through the small cleaning area, which usually means that the purchase is recovering.

XRP is still under pressure.

BTC and ETH, XRP are weaker than repair. According to the article, XRP is currently trading in the vicinity of US$1.12 and has not broken short-term average-line repression in the vicinity of US$1.14 and US$1.15.

On the graph, the downward resistance line that has developed since July still exists. While the price held the psychological threshold of $1 and RSI returned to above 50, the 100-day average was about $1.25 and the 200-day average was about $1.46, with all the main resistance remaining above the current price.

ZEC continues to rebound.

Among several assets, ZEC is the strongest-performing category. According to the article, Zcash is currently close to $578 and continues to approach the 600-dollar crossing after breaking through a few weeks of consolidation.

Unlike most encrypted assets that are still subject to critical resistance, ZEC has re-located on the 26, 50, 100 and 200-day average. It is argued that this indicates that its market structure is clearly stronger than most mainstream and medium-sized coins, and that the turnover during the current round has remained robust.

Additional information:The article is a price analysis for the foreign media, based at its core on technical signals such as the average, the trade and RSI, and does not disclose new chain data, company announcements or regulatory progress.