Analyst Liangqiu: The momentum for Bitcoin's rise weakened on July 16, and Ethereum quickly surged again. Pay attention to the resistance at Ethereum's high point.

Last night, after Bitcoin and Ethereum rose sharply, Ethereum quickly surged again. At 10:30 PM last night, the current price was 117600, with a strategy around 3050. The price dropped rapidly to 115600 and 2965 within an hour, followed by another quick surge, particularly with Ethereum increasing by 200 points. In such extreme market conditions, it's important to stay updated in real-time to avoid missing many opportunities. Ethereum has repeatedly dipped to the 2930 to 2950 range before rebounding. The support level has increased, but Bitcoin's overall rebound remains weak, with a risk of further decline.

In the morning, Ethereum quickly surged to the 3153 level and is currently consolidating at a high level. We should pay attention to whether this position can break through again, and the daily MA moving averages are starting to rise, with support also moving to the 3000 round number. During the day, we can still observe the downward correction relying on the high point resistance, focusing on the intensity of the pullback and the breakout situations above and below. In such extreme market conditions, following the breakout is key, regardless of whether it breaks up or down, just manage the trend waves accordingly.

Operational suggestion: For Bitcoin and Ethereum, consider the current price of 117600 and 3130 for a possible pullback. Use the upper high point of 3153 as a stop-loss, with a short-term target initially set at around 116000 and 3060. #CPI数据来袭