7.18 Dong Yan's Morning Thoughts

The big pancake started rising from around the low point of 1175 last night, climbing all the way without pause, reaching a peak of around 1210, then pulling back slightly to hover around 1195. The market is experiencing fluctuations of three to four thousand points, and although the rhythm is still oscillating, the range has shifted upward.

From an overall structural perspective, the market rhythm has become clearer, forming a wave-like upward trend, with resistance gradually breaking through above, and the low points also moving upward. Although each surge is accompanied by a pullback, the intensity is limited and does not change the direction of the trend. Today's strategy is primarily to go long at lower levels.

Big pancake: Buy at 1190-1195, with a stop loss at 1185, target 1215/1220;

Second pancake: Buy at 3480-3500, with a stop loss at 3450, target 3620/3650. $BTC $ETH $SOL