2025.7.16 9:40 AM BTC/ETH Market Analysis
On this night, 3.2 billion CNY disappeared, and 113,827 people went bankrupt to zero! In two days, 7.2 billion CNY was wiped out. As market fluctuations intensified, both long and short liquidity were being rapidly harvested!
That night, BTC's performance was average, attracting little liquidity participation. ETH accelerated its rebound to a new high of 3154, now facing resistance at 3185/3355. If it breaks through, it could open up space above 4000!
Last night, BTC first faked a drop below 116411, giving countless shorts hope, before touching the peak again in the early morning. Altcoins generally rebounded strongly. In the past few days, the market has been volatile, with fluctuations often exceeding 10%. Daily torment makes it easy to operate chaotically. As always, for altcoins, it's advisable to set a trading plan for spot trading and stick to it strictly—patience is essential!
BTC Watch
Support: 109500/112000
Resistance: temporarily set at 130800
Although it is currently consolidating in the 116411 and 119200 range, the acceleration and surge of ETH seem to compete for market liquidity with BTC. The market finally seems to have a bit of FOMO awareness, daring to initiate a trend independent of BTC!
ETH Watch
Support: 2851/2746
Resistance: none at the moment
Currently, ETH is leading the market to break out. Theoretically, if it stabilizes above MA60 and MA120, it should initiate at least two months of oscillating upward trend. Given the 24-hour uninterrupted trading mechanism in the crypto space, can we boldly predict a trend of oscillation and upward movement for 15-25 days or more?
It’s time to befriend time—only remember the stop-loss conditions and hold firmly as long as they are not triggered! After waiting year after year, if there is no patience now, when will there be?
The best way to respond to the current market is with the most optimistic mindset and the most conservative operational skills!
Operationally: Strategically emphasize, tactically downplay; first, the general direction of a major drop in spot layout is fine, especially for those tokens that have just broken through or are about to stabilize above MA30/MA60/MA120, with significant space left to MA250. They can be key focuses!
For contracts, it’s okay to shift to SOL/LTC, these old mainstream coins, as BTC and ETH have become the showpieces. Improper position control can lead to being tormented back and forth, triggering stop-losses!