Analyst Liang Qiu: After the surge of large coin Aunty on July 12, it fluctuates within a narrow range. Pay attention to the resistance at the upper highs.

After repeatedly breaking new highs yesterday, large coin Aunty began to pull back. We had also set up positions around 118200 and above 3020, 3000. The market surged and then fell back, and the overall space is still quite good. Even after another drop last night, we reminded that there is still further downward space after the early morning rebound, which has been verified. Currently, the market has rebounded somewhat, but the strength is not very strong. The resistance at the upper high point is still a focus, especially with the weekly closing approaching; the probability of breaking through the weekly high is indeed low. Additionally, during the weekend, the overall volatility has not been significant, and there is an expectation for continued downward correction.

In terms of K-line patterns, the daily level shows that the price has quickly risen from the low point recently, forming a strong upward trend, but signs of a pullback are now appearing. On the 4-hour level, after high-level fluctuations, it has turned into a downward consolidation. The current K-line shows a long upper shadow, indicating heavy selling pressure above. On the technical indicators, the MACD histogram on the 4-hour cycle is gradually shortening, and the fast and slow lines are beginning to converge, indicating a risk of a death cross and weakening momentum.

Operationally, it is suggested for BTC: range around 117800 to 118500, with a short-term target near 116000; for ETH: range around 2970 to 3000, with a target near 2920. If it breaks below, continue to look down, with support references around 112000 and near 2780.

[The above analysis and strategy are for reference only; risk is to be borne by the reader. The publication of this article does not guarantee timeliness, and specifics should be based on real-time data.] #BTC再创新高