#BNB创新高 7, July 23rd Trading Thoughts
BTC Brothers, the analysis sent at midnight, I wonder if everyone has caught the trades? The big coin retraced to 118300 at 1 AM without breaking down. The analysis suggested going long at 118500, with resistance around 120500, and indeed it reached that area! Then the shorting strategy was also to short around 120500! These back-and-forth movements could have netted a few thousand points! Ethereum was also said to go long at the retracement of 2665, taking profit at 2760, then going short! This back-and-forth also yielded over 100 points! The analysis sent daily advises not to enter the market before hitting the price points! Control your hands; chasing shorts or longs during this period could easily lead to being trapped!
Back to the market, currently, the big coin is retracing from 120300, and the rebound seems weak!
🔥 Long Strategy: 118500, 118300 (if it breaks below 118000, exit long positions! 118000 is still a price node for switching between long and short, if it holds, we look bullish; if it breaks, we look bearish!)
🔥 Short Strategy: 119500, 120200! (If it strongly breaks 120500, exit short positions! But from today's market trend, the rebound still seems relatively weak! Plus, there have just been whales opening shorts around 119500!)
ETH Ethereum, I've been saying for the past few days that the trend is very weak, the big coin has surged to 120,000, yet it hasn't even reached 3900!
🔥 Short Strategy: 3760, 3780 (set stop loss at 3815!)
🔥 Long Strategy: 3628, 3550 (3550 is a weekly support level, if it breaks, the market will continue to correct significantly! If it breaks 3530, exit long positions!)
SOL Currently still very strong! It went up to 200 in the morning without much decline! I do not recommend shorting SOL! It hasn't reached the price point yet!
🔥 Short Strategy: 210, 218
🔥 Long Strategy: 199, 195