2025.7.22 9:23 AM BTC/ETH Market Analysis
In the past 24 hours, 3 billion CNY has been plundered, 123,529 people have gone bankrupt, both long and short positions have exploded, especially last night many people chased the long positions at high levels, without taking profits or setting stop-losses, and woke up to find their positions completely gone. Those without long-term concerns will surely have immediate worries; not setting stop-losses will lead to liquidation sooner or later!
In the early morning, BTC hit a low of 116,566, hitting our only entry point at 116,750, rebounding to 117,596, with the first take-profit target of 800 dollars being sufficient. Just now it dipped to 115,865 and quickly recovered to 116,411. This is the second time in the past week that it has dipped below and then recovered. Today's focus is on the gains and losses at 116,411;
ETH hit a low of 3,716.35 in the early morning, not reaching the first long position at 3,715. Just now in the early session it dipped to 3,693, and the current price is 3,748, happening just before 9:30 AM, without touching the second low buy position. At this moment, there is a space of about 30 dollars, and one can exit 70% of the bottom position to maintain the stop-loss!
BTC Focus
Support: 119,200 / 109,500
Resistance: temporarily set at 120,545 / 123,000
At this moment, the key focus for BTC is on the gains and losses at 116,411. If it breaks and is suppressed, then we will need to test the support demand at 112,000. Stabilizing during the day will maintain a fluctuation pattern, leaving the option open for the evening!
ETH Focus
Support: 3,486 / 3,339 / 3,101
Resistance: temporarily set at 3,892
At this moment, the key focus for ETH is on the day’s gains and losses at 3,715, consistent with BTC's 116,411. If it breaks and is suppressed, it will test 3,605. If stabilization is achieved, it will indicate a fluctuation trend during the day, so be patient and wait for direction in the evening!
On Operations: The significance of stop-loss is to deal with extreme market conditions using the best operational methods and skills. Last night's DOGE was a perfect example; take profit at 20-60% when there is space, and after ensuring the bottom position with a stop-loss, waking up after a sleep, no matter how much it drops, will it affect your principal? Absolutely not. Although you earn less, isn’t it better than losing money?
Contracts can focus on ETH/BTC/SOL/DOGE. When BTC and ETH experience increased volatility, small altcoins are not suitable for contracts. This time has seen a continuous rise for 28 days, and even if a pullback occurs, it's within reason. However, a direct crash still has 1-2 wave opportunities. High positions will not easily drop straight down at a 45° angle; repeated fluctuations will entice enough liquidity to maximize profits. Therefore, the probability of an immediate massive crash right now is extremely low. If it drops, it will be a repeated fluctuation to find the bottom, so don’t panic, follow the rhythm, and before breaking out and stabilizing, treat everything as a fluctuation!