Evening Analysis on 7.20
Bitcoin: The trend is relatively stable. After a dip to the low point of 117,245 in the morning, it stopped falling and rebounded, reaching a maximum of 118,214 in the afternoon, providing the bulls with over 1000 points of upward space.
Altcoin: This week has shown a strong one-sided upward trend, with a slight slowdown in pace over the weekend. Similarly, it stopped at the low point of 3,531 in the morning and moved upwards synchronously, currently reaching a maximum of 3,695, contributing about 150 points to the bulls. In the afternoon, Ethereum broke through strongly again, setting a new high near 3,750 and continuing to rise.
Operation Suggestions:
Bitcoin:
Consider placing long positions near 117,500.
Short-term target looks towards 118,900 - 119,500.
Altcoin:
At the current price near 3,750, consider directly placing short positions (short-term operation).
Wait for the price to pull back to around 3,650 to place long positions.
