Analyst Liang Qiu: On July 28, Ethereum surged again, just a line away from 4000, while Bitcoin struggles to break through 120,000.

CN
8 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. Bitcoin has once again consolidated overnight, while Ethereum has surged 100 points to around 3900, just a line away from the 4000 mark. Last night, we laid out a strategy at 3820, and after breaking the high point of 3860, we exited again. If wrong, we must acknowledge it. Currently, Bitcoin has repeatedly attempted to break higher, but the 120000 mark has been tested multiple times without success, which poses a risk for the bulls. The daily Bollinger Bands for Bitcoin are starting to contract, with the upper side also facing pressure at the 120000 mark. Additionally, from a four-hour perspective, Bitcoin is beginning to show a trend of oscillation and decline.

Ethereum has been moving independently for several days now, with multiple surges. The lower support at around 3750 has formed again. During the process of the price rising, do not chase after the highs; instead, watch for a pullback after the rise. However, as long as the support continues to rise and holds, the price will continue to rebound. The closer we get to the important resistance near the high point, the more attention we need to pay.

Trading suggestions: For Bitcoin, buy around 119300 to 119800, with a target near 117500; for Ethereum, buy around 3900 to 3920, with a target near 3820. If it breaks, watch for 116500 and around 3750, with exits at 120500 and 3960.

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

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