Analyst Liangqiu: On July 18, Bitcoin/Ethereum repeatedly surged and broke levels; extreme market conditions require extreme measures

The major currencies have seen multiple surges, especially Ethereum, which broke the high point again during the afternoon session, reaching the 3675 line. The overall bullish trend is quite strong. However, I have emphasized multiple times that chasing after extreme market conditions that frequently break new highs is not advisable. While it can yield decent profits, one either ends up waiting too long to enter the market or feels anxious after some pullbacks. Last night, we repositioned at 119300 to 119800 and 3430 to 3450 with a cautious approach. The market tested 118000 and the 3360 to 3370 line several times in the evening; isn't a 60 to 70 point space clear enough for a decision?

Although there have been fewer trades in recent days, I have consistently emphasized entering short positions based on the high points after new highs are broken, to observe a potential pullback. To be honest, this is a more prudent strategy. After all, the rapid short-term market surge makes chasing high positions easy to get trapped at the peak. Moreover, each time after breaking the high point, relying on that high for a pullback provides a decent overall range and is relatively stable. It's unclear what those critics are complaining about. Currently, the market remains elevated, and Bitcoin has also started to retreat. We continue to monitor the 120000 line for resistance above and the 116000 line for support below, while Ethereum is keeping an eye on the high point and the support at 3450.

Evening trading suggestions: For Bitcoin, target 119000 to 119500 with a goal of around 117500; for Ethereum, target 3620 to 3640 with a goal of around 3540; if levels break, we can continue to look downward. #币安HODLer空投C