Analyst Liang Qiu: After the surge on July 12, BTC and ETH experienced narrow fluctuations. Follow the resistance at the upper high points.

BTC and ETH started to pull back after repeatedly hitting new highs yesterday. We also set up a long position around 118200 and above 3020, 3000. The market surged and then fell back, but the overall space is still quite good. Even after another drop last night, it was noted that there would be further downward space after a rebound in the early morning, which has been validated. Currently, the market has rebounded, but the strength is not very strong. We still need to pay attention to the resistance at the high point above, and with the weekly closing approaching, the probability of breaking through the weekly high is indeed low. Additionally, the overall volatility during the weekend is not large, so there is an expectation of continued downward correction.

The daily chart shows that the recent price has quickly surged from a low point, forming a strong upward trend, and is currently showing signs of a pullback. On the 4-hour chart, after high-level fluctuations, it has turned into a downward consolidation. The current candlestick has a long upper shadow, indicating heavy selling pressure above. In terms of technical indicators, the 4-hour MACD histogram is gradually shortening, with the fast and slow lines starting to converge, posing a death cross risk and weakening momentum.

For operations, it is recommended for BTC: around 117800 to 118500, with a short-term target near 116000; for ETH: around 2970 to 3000, with a target near 2920. If it breaks down, continue to look lower, with support around 112000 and near 2780.

[The above analysis and strategies are for reference only, please bear the risk yourself. The article review and publication do not have timeliness, and the specifics are subject to real-time.] #BTC再创新高# #ETH突破3000# #VIP 专属空投嘉年华#