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July 18th Trading strategy in the early morning
BTC Good evening everyone! The big coin surged to 120,000 at 5 AM and has been in a correction since then. From the current trend, the rebound of the big coin is still very weak, and the trend is still in a correction structure! Today the big coin has fluctuated up and down all day! Ethereum continues to lead the rise! It surged to 3480 and has now corrected down, as mentioned before, stabilizing at 3000, there is a chance to challenge around 3500! Just now, Ethereum did spike to around 3360, and then it continued to rebound strongly!
Back to the market, I just mentioned in the live stream that we should pay attention to the Bitcoin rebound at 118500 and 118800 where we can short. The support levels below are 117500, 115200, and 113800! Long positions should continue to wait for entry! If Bitcoin rebounds and breaks above 118800, close the short positions! We can also go long, with the resistance levels ahead at 119500 and 120000! Continue to monitor for entry into short positions!
ETH is starting to lead the rise, pulling up a number of small altcoins! After peaking at 3480 today, it is now starting to pull back. If it retraces to 3410 on the 4-hour chart without breaking it, the market is still expected to rebound, with resistance at 3460, 3480, and 3550! For short positions, pay attention to the entry; if you are hesitant to short, wait for a lower entry for longs! If it retraces and breaks below 3410 on the 4-hour chart, the market will continue to adjust, with support at 3360, 3315, and 3280! Long positions should wait for entry! Everyone should note that if the market breaks below 3315, it will trigger a daily level correction!
SOL, Solana has also surged to around 178 today, and is now pulling back. If it does not break below 173 on the 4-hour chart during the pullback, the market will continue to rebound, with resistance levels ahead at 178, 180, and 185! Short positions should continue to wait for entry! If it breaks below 173 on the 4-hour chart during the pullback, the market will continue to retrace, with support levels at 170, 168, and 165! Long positions should continue to wait for entry! #Gate 2025 Q2报告出炉 #比特币巨鲸动向