Thursday Morning Analysis on 7.24

The main cryptocurrency surged to 118,491 in the early morning before pulling back to 117,384, while the altcoin touched a high of 3,614 before retreating to 3,528, with the short position provided being precise and accurate.

The 4-hour candlestick chart shows continuous long lower shadows, indicating strong buying support below during pullbacks. The bears have repeatedly pressed down, yet the bulls have still managed to pull the closing price back to near the middle band of the Bollinger Bands, firmly holding this key support level.

Trading Suggestions:

Main Cryptocurrency: Long in the range of 118,000—118,500, target 119,500.

Altcoin: Long in the range of 3,600—3,620, target 3700#BTC突破7万大关 .