Analyst Liang Qiu: On July 14, Bitcoin Aunty Breaks New Highs Again, Along with Latest Shipping Analysis

Bitcoin Aunty started to rise sharply in the morning session, reaching a high of around 121800 and 3050, with an overall bullish trend very evident. Last night we set up again around 119000 and 2995 for the Kongsan Silk Road. After a high surge in the early morning, it pulled back to around 118100 and 2930. For friends who did not take profits in time, they are probably stuck now or have lost their positions in Kongsan. Such extreme surges in shipping, to be honest, do not leave much room for either being stuck or underperforming, but once there is a downturn after the surge, the space for being stuck becomes relatively uncomfortable.

In the past two days, we have also continuously entered Kongsan above 118000 and 3000, and the overall space gains are visible. Currently, with shipping rising, it is even less possible to chase the bullish trend. Any technical analysis is useless in the current trend; it’s either staying in cash or entering Kongsan at higher levels, probing step by step to check for a pullback, which is a relatively stable approach. If one seeks excitement and chases the bullish trend, perhaps the short-term shipping may continue to surge, but the space is not large, and it’s easier to get stuck. Once stuck, it cannot be resolved with just a little bit of space, so be cautious with your positions.

Today's trading advice: BTC: Continue to enter Kongsan around 121000 to 121500, target around 118500; ETH: Enter Kongsan around 3040 to 3060, target around 2960.

[The above analysis and strategies are for reference only, please bear the risks yourself. The article's review and publication do not guarantee timeliness; please refer to real-time data for specifics.] #BTC突破12万大关