The bullish outlook provided in the early morning has already given a 1000-point space; don't stubbornly open short positions against the bullish trend.
张竞霄
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Market Analysis and Trading Advice for Bitcoin and Ethereum on Friday, July 18
$BTC In the cryptocurrency world, one day equals a year in the human world? No, sometimes it's one hour in heaven and half an hour in hell! You think you're bottom fishing, but the main force just smiles slightly: No, you're just filling in the pit; you think a breakout is imminent, but the speculator pulls a fake move that leaves your soul flying out. Watching your account fluctuate wildly is even more stimulating than the K-line chart. The most ridiculous part is, when you finally grit your teeth and place an order in the opposite direction, the market immediately has a conscience and goes back to its original position. Staring at the market for four hours, earning two hours' wages, and losing once brings you back to zero. The cryptocurrency market has tormented me thousands of times, and how do I treat it… Forget it, I’ll look again tomorrow. Market review: Bitcoin displayed a V-shaped fluctuation during the day, first dropping to a low of 117663 before the bulls gradually gathered forces for a counterattack. After a midday consolidation, the price once tested the resistance level of 119216 before being pressured to fall back, as the bears once again exerted force to push the price down to the support level of 117412, which conveniently provided us with an excellent entry opportunity. Subsequently, the market rebounded strongly as expected, reaching a high of 119100. Ethereum's trend was highly synchronized with it, retreating to a low of 3311 in the morning before entering a smooth upward trend, reaching a high of 3479 but failing to maintain it effectively, currently maintaining a high-level fluctuation pattern. Today, we accurately grasped the market rhythm and perfectly executed a bullish strategy. Specific operations are as follows: Bitcoin first order: Enter long at 117800, exit at 118600, gaining 800 points. Bitcoin second entry: Re-enter at 118100 on pullback, take profit at 119100, gaining another 1000 points. Bitcoin evening operation: Enter long at the low of 117500, take profit at the high of 119000, gaining 1500 points. Ethereum operation: Enter long at 3319, take profit at 3423, gaining 104 points; in the evening, short at 3460, take profit at 3383, gaining another 77 points. Today's operations can be described as careful and methodical, with every key point being accurately grasped, fully demonstrating our keen insight into market dynamics.
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