Analyst Liang Qiu: On July 16, the momentum for Bitcoin's rise weakened, while Ethereum (referred to as "Auntie") rose again. Pay attention to the resistance at Ethereum's high points.

CN
12 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. Last night, after a surge and pullback in the market, the market quickly rose again. Last night at 10:30, the current price was 117,600, and the 3,050 Kongsan strategy was set. The market quickly dropped to 115,600 and 2,965 within an hour, and then rose again quickly, especially with a 200-point rise. Such extreme market conditions require real-time monitoring to avoid missing many opportunities. The market has repeatedly dipped to the 2,930 to 2,950 range and rebounded, with support increasing. However, the overall rebound of the market is weak, and there is a risk of further pullback.

This morning, the market quickly rose to the 3,153 level and is currently consolidating at a high level. We will pay attention to whether this position can break through again. Additionally, the daily MA moving averages have started to rise, and support has also moved up to the 3,000 level. During the day, we can still look for a pullback relying on the high points, paying attention to the strength of the pullback and the breakout situation above and below. In such extreme market conditions, just follow the breakout, whether it breaks up or down, and manage the trend waves accordingly.

For operational advice, regarding the market at the current price of 117,600 and 3,130, we first look for a wave of pullback and decline. The market can rely on the high point of 3,153 as a reference, with a short-term target looking at 116,000 and around 3,060.

Currently, the market conditions are relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a wave operation. Specific operations will be based on real-time guidance. For more strategies, you can follow the public account: Analyst Liang Qiu bb.

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