Analyst Liang Qiu: On July 31, Bitcoin/Ethereum bulls and bears continue to take control. What is the intention behind the high-level fluctuations?

CN
22 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/Ethereum were repeatedly reminded yesterday to enter around 3800 and 118200 on the upside, and 116000 and 3700 on the downside. The market quickly fell and then rebounded as expected, but it did not capture all the space and did not hold the pattern. However, the overall trend is still good, and friends who are rooted should be able to secure a decent space.

Currently, after the market rose in the morning, it has been consolidating, essentially a comprehensive rise in the market. Bitcoin has reached a high of 3878 and 119100 so far, but the upper resistance at 120000 and 3940 has not been touched or broken through, still under pressure. However, it cannot be denied that the overall trend is indeed strong under the current situation of altcoins rising together. But with the upper pressure not broken, we can first look for a pullback, paying attention to the strength of the pullback and whether the support at the lower level of Bitcoin around 117000 can be effective again.

Operational suggestions: Enter Bitcoin around 118600 to 119200, with a target near 117000; for Ethereum, enter around 3870 to 3890, with a target near 3800. If it breaks, look at 116000 and 3750, with resistance at 120300 and 3940.

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

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