7.22 Early Morning Thoughts

Short-term support at 116492 is effective; if maintained, it is expected to challenge 119730 and above. If broken, stronger support needs to be monitored, indicating more short-term volatility opportunities, but caution is needed for high-level fluctuation and pullback risks.

Short-term support for Ethereum is seen at 3800; if stabilized, it may continue upward and challenge higher levels; if broken, a short-term adjustment may occur. The strategy within the day gained 177 points, reflecting the effectiveness of trend-following operations in a unidirectional market; attention should be paid to upward momentum. Overall, Bitcoin is showing a strong sideways trend, while Ethereum is moving upward, and the sentiment is positive.

Bitcoin trading strategy: Pullback to around 116850-117450 for a long position, aiming for 119550.

Ethereum trading strategy: Pullback to around 3685-3720 for a long position, aiming for 3835.