Evening analysis of the big pancake market on July 18

Fell back to the lower edge of the oscillating upward channel. It is worth noting that this position overlaps with the important support level from the previous trading day, forming a double support. From a technical perspective, this position has withstood market tests multiple times, with each pullback successfully stabilizing. In the short term, the support remains strong, and the probability of price stabilization and rebound is quite high. Currently, the market overall shows an oscillating upward trend, and the trend has not changed.

It is recommended to go long when the price pulls back to the 117800—118300 range, with a target of 121000 and a stop loss of 500 points.

If it breaks through 121000, look towards 122000.

It is suggested to go short in the 121000—121500 range, with a target of 119000 and a stop loss of 500 points. #比特币巨鲸动向 $BTC