Analyst Chen Shu: On July 14, the market breaks new highs again, focus on the continuation of momentum. Midday analysis and strategy for Bitcoin and Ethereum.

From the daily chart, Bitcoin is currently forming another bullish candle, maintaining strong momentum. The support below is at the 11.96/11.9 level; if it retraces without breaking this level, it will form support and move upward again. The peak resistance level cannot be accurately predicted, so it is recommended to first pay attention to the strength of the pullback. It is safer to operate short positions after a short-term pullback trend appears. Ethereum has also slightly broken its high during the day; the short-term support to watch is the $3000 level. If it retraces without breaking this level and stabilizes above $3000, it is expected to start a new round of upward momentum. Similarly, pay attention to the strength of the short-term pullback.

Midday trading thoughts (written at 15:00):

BTC: Light long at 12.05, add long on a pullback to 11.96, target 12.15/12.25; continue to monitor the strength of the short-term pullback for short positions.

ETH: Long at 3005, add long on a pullback to 2960, target 3050/3080; short positions can follow Bitcoin synchronously.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

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