July 15 BTC Analysis:

Current Trend: BTC's high is around $123,000, with yesterday's daily candlestick showing a small bullish line with an upper shadow, indicating some selling pressure above.

On the weekly level, it has turned bearish; if this week closes with a solid bearish candle, the downward target could be around $110,000; if the decline expands, it may test the $107,000 support level.

If the weekly closes with a long upper shadow bearish candle, market sentiment may further weaken, leading to continued downward movement.

Support Level: If it drops below $116,000 during the day, attention should be on the support range of $113,000-$114,000;

Resistance Level: $118,000-$119,000 is the short-term resistance range.

If BTC declines by 30%, altcoins and ETH (the second coin) may face a larger correction, and we need to be cautious of market chain reactions.

ETH Market Analysis

Current Performance: ETH has failed to break through the $3,200 resistance, with limited rebound strength at the daily level, currently retreating to the previous starting point. The $2,900 support needs close attention; if it fails to hold, it may test the key defensive level at $2,800.

If BTC drops to $116,000, ETH may correspondingly drop to $2,900;

If BTC drops to $113,000, ETH may test the $2,800 support.

Subsequent Support Ranges:

First Support Range: $2,600-$2,800;

Second Support Range: $2,300-$2,400.#交易策略误区