Analyst Liang Qiu: On July 16, Ethereum surged multiple times; do not chase high positions.

CN
15 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 early morning layout again at 117600 and 3130 to 3140, with a target of 3153, once again sweeping a loss of about ten to twenty points. After all, after breaking the early morning point, the pullback relies on the high point for operation, and a loss of ten to twenty points is still acceptable. Currently, the market remains high, with the four-hour and eight-hour lines about to close, and Ethereum has also reached the upper Bollinger Band area on the eight-hour chart. In this situation, do not chase long positions as the market rises; pay attention to the resistance at the 3200 integer level above, while Bitcoin has not shown significant fluctuations.

Since the low point of 98100 on June 22 and 2110, the market has been oscillating and rising to the current high point of 123300 and around 3174, showing a very large overall upward space, and the time cycle has been nearly a month. Currently, the market can rely on the support from multiple dips to go long, and since we are not far from the high point, there is no need to chase long positions; instead, try to look for a top reversal.

For Bitcoin/Ethereum, it is recommended to continue entering positions around the current price of 118200 and near 3170 to 3180, with a short-term target of around 116000 and 3100. If it breaks, continue to look down at 114000 and the 3000 level, with a target of 3210.

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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