Crypto钟良
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7.18 BTC/ETH Market Viewpoint:
Bitcoin has risen another 120,000, and Ethereum is also soaring, still showing no signs of peaking. Be cautious when shorting; do not attempt to guess the top. The upper pressure for Bitcoin focuses on the previous high of 123,300, where attention should be paid to reducing long positions, not to shorting here. Currently, the market does not show a peak; we can only consider the new high as a resistance level. Take profits on long positions as they approach here, and do not be overly aggressive in chasing the rise!
For support below, pay attention to 118,000 and 116,000. I am bullish and looking to long, but wait for a pullback to get in. Today is Friday, and everyone knows that the market does not only rise without falling. Therefore, regardless of how bullish we look, longing is not excessive. I just remind everyone not to get too close to the previous high and chase the rise too aggressively, as there is a risk of a pullback from high levels.
For Ethereum, the upper resistance focuses on 3,750, 3,960, and 4,110. We can only look towards the previous highs. Similarly, the resistance level is a reference for taking profits on long positions in batches, not to set up shorts in advance. In this market, shorting can only be done during the downward process; setting up shorts in advance is risky, so do not attempt to guess the top.
For support below, pay attention to 3,360, 3,300, and 3,230. Engage in low longs around the support. The market fluctuation is indeed too large, so the range is wide; it is imperative to participate with light positions. #ETH突破3600
Bitcoin has risen another 120,000, and Ethereum is also soaring, still showing no signs of peaking. Be cautious when shorting; do not attempt to guess the top. The upper pressure for Bitcoin focuses on the previous high of 123,300, where attention should be paid to reducing long positions, not to shorting here. Currently, the market does not show a peak; we can only consider the new high as a resistance level. Take profits on long positions as they approach here, and do not be overly aggressive in chasing the rise!
For support below, pay attention to 118,000 and 116,000. I am bullish and looking to long, but wait for a pullback to get in. Today is Friday, and everyone knows that the market does not only rise without falling. Therefore, regardless of how bullish we look, longing is not excessive. I just remind everyone not to get too close to the previous high and chase the rise too aggressively, as there is a risk of a pullback from high levels.
For Ethereum, the upper resistance focuses on 3,750, 3,960, and 4,110. We can only look towards the previous highs. Similarly, the resistance level is a reference for taking profits on long positions in batches, not to set up shorts in advance. In this market, shorting can only be done during the downward process; setting up shorts in advance is risky, so do not attempt to guess the top.
For support below, pay attention to 3,360, 3,300, and 3,230. Engage in low longs around the support. The market fluctuation is indeed too large, so the range is wide; it is imperative to participate with light positions. #ETH突破3600
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