7.12 Morning Market Analysis:
Brothers, good morning! 🌞🌞 Yesterday the market surged sharply, with #大饼 almost breaking the 120,000 mark, reaching a high of 118,882 before starting to pull back. I believe that Bitcoin breaking through the pressure is just a matter of time before it rises to 120,000. Yesterday, #以太 also surged to 3040 before starting to pull back. The market's unexpected surge leaves many brothers needing to restart or exit the scene.
Currently, the overall market is beginning to fluctuate within a range, with two dips last night both rebounding, indicating that there is strong support at the bottom, with funds continuously flowing in. Now that the weekend is here, the market can be quite tedious, and A'er suggests taking a wait-and-see approach for now.
From a technical analysis perspective: the $ETH 3040 position is not the highest point of this surge; it is just a short-term resistance level. Once the market stabilizes and builds momentum, when it breaks through the resistance level again, if Ethereum effectively breaks the 3050 resistance level, then a big surge is coming, targeting 3100 and 3400.
Continuously monitor the market today and keep building positions. Follow A'er @阿柒交易日记
