Analyst Liang Qiu: 7.15 Bitcoin/Ethereum Kongsu Successfully Verified, Continue to Watch Kongsu

Bitcoin/Ethereum prices surged yesterday breaking the high point, with multiple reminders to enter Kongsu above 3040 to 3060. It was particularly emphasized that even if prices surged again, the trapped space wouldn't be too large, but once a decline happens, the overall space would be much larger. As a result, many people ignored these warnings and continued to chase the rising prices, only to panic when they got trapped during the subsequent decline. Bitcoin has dropped from yesterday's high point of 123300 to around 116200 this morning, a decline of over 7000 points, while Ethereum overall did not show much volatility. In fact, I had previously mentioned that behind every round of significant price increase, Ethereum often shows a one-day lag. We continue to watch Kongsu unchanged.

In terms of candlestick patterns, the daily level shows that the recent price has formed a strong upward trend, followed by signs of a correction at yesterday's high. The 4-hour candlestick has shown a retreat after the peak, currently falling below 118000 and the 3000 line. On the technical indicators, the 4-hour level DIF and DEA are both running downwards, with green bars increasing, indicating a short-term bearish dominance. The daily level remains in a bullish state, but momentum is weakening.

Operational suggestions: Enter Kongsu for Bitcoin around 117000 to 117500, target near 115000; for Ethereum, enter Kongsu around 2985 to 3000, target near 2920.

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