#美国众议院通过三项加密货币法案
July 19th Early Morning Trading Thoughts
BTC Good evening everyone! On the 18th, Bitcoin surged near 1211000 but didn't succeed, and now it's in a pullback. I just mentioned in the live stream that Bitcoin currently has a double top on the 4-hour chart, and the pullback might be quite strong! It just dipped down to around 117300! Now it's rebounding, but at present, the rebound strength is still relatively weak, and institutions are slowly selling their holdings! Ethereum surged near 3675 and is also in a pullback, which is quite significant, having pulled back nearly 150 points! Currently, while altcoins are still bullish, they can't withstand Bitcoin's decline!
Back to the market, tomorrow is also the weekend, if tonight's 4-hour pullback doesn't drop below 117300, then we can continue to look for a rebound, with resistance at 118300 and 119300 ahead, and keep an eye on short positions! If it strongly breaks through 119300, close the short positions and continue to enter short at 121100 and 122000! If the 4-hour pullback drops below 117300, then the market will continue to decline, with support at 116500 and 115666! Pay attention to entering long positions! If it continues to drop below 115600, and we wait until tomorrow morning to switch to the daily chart, then Bitcoin will likely undergo a daily level pullback!
ETH Ethereum is really strong, and the rebound is very powerful! But it also can't withstand Bitcoin's decline, dropping from 3675 to a current low of 3530, a pullback of nearly 150 points! In the 4-hour chart tonight, pay attention to the rebound; if it fails to close above 3610, then the market continues to look bearish, and we can enter short positions here! Take profit levels below at 3530, 3480, 3450! Continue to wait to enter long positions! If the 4-hour rebound breaks through 3610 and does not drop below this price, then we continue to look for a rebound, with resistance at 3680, 3730, and 3750, waiting to enter short positions!
SOL Solana is also pulling back from a high position; if the 4-hour pullback drops below the previous low of 175, then the market continues to look bearish! Support levels below at 171, 168, 165, continue to wait to enter long positions! If the 4-hour pullback doesn't drop below 175, the market continues to look bullish, with resistance at 178, 180, and around 185! Enter short positions! $BTC
