Analysis of the big coin market on the afternoon of July 29.

The big coin experienced a short-term downward pressure after a spike on Monday, with a clear resistance at 120,000. The current market is still in a phase of oscillation and recovery. From the extent and intensity of the pullback, this appears to be a technical adjustment rather than the beginning of a breakdown. Currently, the daily chart shows a contraction pattern, indicating a strong market correction atmosphere. On the four-hour level, there is a downward oscillation, followed by a clear attempt to recover the model. The hourly chart encounters resistance at high levels and pulls back, but there has not been a significant waterfall decline. The short-term is building momentum for the bulls. It is important to note that the current pullback has a strong elasticity, and the direction of the pattern shift is crucial. Whether it quickly rises to complete the recovery or shifts downward with a bearish candlestick, this needs to be confirmed as a key point moving forward. From the perspective of shorter cycles, the high-level pullback process has shown a weak tendency, and the subsequent strategy in the daytime suggests positioning for low buys.

Big Coin; Buy around 117500-118000, target at 119500

Ethereum; Buy around 3740-3780, target at 3880 #上市公司加密储备战略