empty
 
 
29.07.2026 01:21 PM
Cryptocurrency Trading Recommendations – July 29th (US Session)

Bitcoin reached the $64,700 level, after which a small correction began. Ethereum continues to trade around $1,900, preparing for the important Fed meeting, which was discussed in detail in the morning review.

This image is no longer relevant

While traders are waiting for new market signals, an interesting report has drawn attention. According to the report, the first half of 2026 was the most active period in the history of the cryptocurrency industry for hackers in terms of the number of incidents.

According to the analytical platform Blockaid, total losses from hacks exceeded $1.1 billion as a result of 212 confirmed incidents, which is 3.4 times higher than the number of major exploits recorded throughout 2025. At the same time, the total amount of losses was lower than last year, when it was inflated by the single $1.5 billion Bybit hack. Therefore, the record number of incidents in the current half-year reflects not the scale of individual attacks, but the systemic growth in the frequency and diversity of threats.

The structure of losses has changed significantly compared with previous years. Ethereum leads in terms of stolen funds, with losses of around $332 million, mainly due to code exploits and application-level vulnerabilities. Solana was almost equal, losing around $326 million, but the nature of these losses is fundamentally different: more than 98% resulted from the compromise of private keys and transaction-signing infrastructure rather than smart contract bugs.

The largest individual incident remains the $292 million KelpDAO hack carried out through a forged cross-chain message.

As for short-term trading, the strategy and conditions are described below.

Bitcoin

This image is no longer relevant

Buying scenario

Scenario #1: Today, I will buy Bitcoin when the entry point is reached around $64,700, with a target of growth towards the $65,500 level. Around $65,500, I will exit long positions and immediately sell on a rebound. Before buying on a breakout, it is necessary to confirm that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.

Scenario #2: Bitcoin can be bought from the lower boundary of $64,200 if there is no market reaction to its downward breakout, with a return towards the levels of $64,700 and $65,500.

Selling scenario

Scenario #1: Today, I will sell Bitcoin when the entry point is reached around $64,200, with a target of a decline towards the $62,900 level. Around $62,900, I will exit short positions and immediately buy on a rebound. Before selling on a breakout, it is necessary to confirm that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.

Scenario #2: Bitcoin can be sold from the upper boundary of $64,700 if there is no market reaction to its upward breakout, with a return towards the levels of $64,200 and $62,900.

Ethereum

This image is no longer relevant

Buying scenario

Scenario #1: Today, I will buy Ethereum when the entry point is reached around $1,920, with a target of growth towards the $1,960 level. Around $1,960, I will exit long positions and immediately sell on a rebound. Before buying on a breakout, it is necessary to confirm that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.

Scenario #2: Ethereum can be bought from the lower boundary of $1,902 if there is no market reaction to its downward breakout, with a return towards the levels of $1,920 and $1,960.

Selling scenario

Scenario #1: Today, I will sell Ethereum when the entry point is reached around $1,902, with a target of a decline towards the $1,862 level. Around $1,862, I will exit short positions and immediately buy on a rebound. Before selling on a breakout, it is necessary to confirm that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.

Scenario #2: Ethereum can be sold from the upper boundary of $1,920 if there is no market reaction to its upward breakout, with a return towards the levels of $1,902 and $1,862.

Summary
Urgency
Analytic
Maxim Magdalinin
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $4000 más!
    ¡En Julio, sorteamos $4000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback