Analyst Liang Qiu: On July 19, Bitcoin experienced multiple highs and pullbacks, indicating a potential short-term peak.

CN
19 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 (Big Coin) surged again yesterday before a significant drop. It fell from a high of 3674 to 3476, a space of over 200 points, with overall volatility still quite large. Subsequently, the market rebounded again, and it is currently in a short-term consolidation state. We repeatedly reminded during the day and evening yesterday about the high and low fluctuations, and it indeed fell as expected, with considerable space remaining.

Currently, after the market's decline, it has rebounded again. However, multiple highs at 119000 and 3620 have retreated, indicating that this position has strong resistance in the short term, while the lower support is at 116000 and 3480. If the market breaks below 3480 again, it will initiate a new round of decline. However, before breaking the position, one can make a couple of short-term high sell and low buy trades.

This weekend, there will be wide fluctuations. For Bitcoin, reference is around 118500 to 119000, with a target of around 117000, and support at 116000 to 116500, with a target around 118000.

For Ethereum (Big Coin), reference is around 3600 to 3628, with a target around 3520; buy in the range of 3480 to 3500, with a target around 3580.

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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