Analyst Liang Qiu: On July 18, Bitcoin/Ethereum repeatedly broke through highs; extreme market conditions require extreme measures.

CN
7 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 has repeatedly surged, especially during the afternoon session, breaking the high point again to reach around 3675. The overall bullish trend is strong. However, I have repeatedly emphasized that chasing after extreme highs like this is not advisable. Although it can yield decent gains, you either wait for opportunities and miss the entry or feel anxious after a pullback. Last night, we laid out strategies for 119300 to 119800 and 3430 to 3450. The market repeatedly dipped to 118000 and around 3360 to 3370. Did you not know to exit with a 60 to 70 point space?

Although there have been fewer entries in recent days, I have emphasized entering short positions after breaking new highs and relying on the high points for a pullback. To be honest, this is a relatively stable operation. After all, the market has surged significantly in the short term, and chasing after highs can easily trap you at the peak. Each time a high point is broken, relying on it for a pullback not only offers decent overall space but is also relatively stable. I don't know what those critics are complaining about. Currently, the market remains high, and Bitcoin has also started to retreat. We continue to pay attention to the resistance around 120000 above and the support around 116000 below, while also focusing on the high point and the support around 3450 below.

For evening operations, I suggest trading Bitcoin around 119000 to 119500, targeting around 117500; for Ethereum, around 3620 to 3640, targeting around 3540. If it breaks, we can continue to look down.

Currently, the market conditions are 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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