Analyst Liang Qiu: On July 29, Ethereum surged again while Bitcoin faced significant pressure.

CN
11 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. Ethereum has risen from the early low of 3727 to the current 3885, showing a significant overall increase, while Bitcoin is still hovering around 119000. Currently, Ethereum's surge is close to yesterday's high, and the probability of the market breaking through again is not high. The bullish momentum on the hourly and four-hour charts has not extended further. Our early layout strategy has unfortunately led to a stop-loss again. However, with the market rising to this point, we can directly enter short positions near the high. Pay attention to the resistance at the high of 3940 above and the support at 3730 below.

The operation suggestion is to enter a short position for Ethereum at the current price of 3875, with a short-term target of 3800, and if it breaks, look at the 3750 level, with a stop-loss at 3940. For Bitcoin, enter short around 11900, targeting near 117500, with a stop-loss at 120500.

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

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