July 14 Feige Yanbi: BTC surges to 120,000 without signs of high-level distribution; ETH lock-up wave ignites 3200 target! Altcoin rotation window explodes, AI/L2 sector to take off?
Technical analysis:
BTC: The weekly line retraced the 7-day moving average and closed with a solid positive line near 120,000 US dollars, with a weekly increase of over 9%. The bulls are very strong and not tempting to go long. The daily line continues to break new highs, and there is no upper shadow line to release volume and fall back. The moving averages below are arranged in a long position, indicating that the upward structure is healthy. The recent rising K-lines are accompanied by moderate volume, not explosive volume, indicating that it is driven by "substantial buying", and there is no shrinking negative line, showing that the bulls' confidence is still strong. Emphasize one point: do not go short during the rising phase. Even if the market is going to fall, it must go through a stage of high-level distribution. The duration of this stage is generally three to five days, and the K-line will show a clear high and low retracement. At this stage, there is no need to worry about the market stepping down and plummeting. Continue to be bullish. From the 4-hour line, a stage platform support is formed in the 117-118 range, and it is currently in a steady and slow rise. For intraday operations, you can defend around the 117 line to be bullish, and long orders can be gradually entered below 119.
ETH: The weekly line has a three-day positive trend. Last week, it closed with a solid positive line with an increase of 15%, achieving a phased breakthrough. The short- and medium-term structure is extremely strong and is expected to challenge the 3200-3400 US dollar target range. If it continues to strengthen with BTC, ETH will start a supplementary main rising wave, which is worthy of key attention. The daily line has continued to rise moderately in the past five trading days. Although the volume has slightly decreased on weekends, it is a strong consolidation and not a top signal. Overall, it is currently in the "volume confirmation and horizontal accumulation in the early stage of the rise, and the bulls control the market rhythm. The technical form forms a clear box oscillation - breakthrough platform - horizontal accumulation - structure that is about to accelerate and rush higher, the trend is similar to the trend from the intermediate stage of a small bull market to the eve of a new stage of outbreak. On the 4-hour line, after breaking through the 3000 US dollar mark, it has accumulated horizontally in the 2900-3000 range, forming a phased platform. For intraday operations, pay attention to the 2980-2950 position below for support and bullishness, and pay attention to the 2900 point line for important defense.
