7.23 Yixing Morning Market Analysis

Yesterday, Bitcoin tested the support level multiple times but did not break it. It then rebounded but was consistently capped at the 120,000 mark. Today, the rebound trend continues, briefly surpassing 120,000 twice but failing to hold, and encountering resistance again near 120,300.

Currently, there is intense competition between bulls and bears, with increased volatility in the short term. It's essential to pay attention to risk control in operations.

Suggestions

Consider going long on Bitcoin in the range of 119,200 to 118,500, targeting 119,500 to 120,300.

Consider going long on Ethereum in the range of 3,680 to 3,650, targeting 3,750 to 3,780.