July 26 Market Midday Analysis
【Core Viewpoint】
BTC (Bitcoin): Expected to run in the range of 116500 - 118000 in the short term, primarily with narrow fluctuations.
ETH (Ethereum): Expected operating range of 3650 - 3780, overall showing strength, with short-term risks of a pullback after a surge, but still has the potential for independent strength.
Macro Information: From July 27 to 30, the Chinese side will engage in a new round of economic and trade talks with the US in Sweden, which may marginally influence market sentiment expectations in the short term.
【Market Analysis】
Yesterday, both BTC and ETH experienced a technical rebound after a decline and are still in a daily-level correction structure.
ETH's performance is relatively strong, with the possibility of deviating from BTC and establishing an independent upward rhythm, potentially challenging new highs.
Tether (USDT) has minted an additional 1 billion USDT on the ETH chain, indicating that capital is still flowing in.
No significant macro data/events are expected today to disrupt the market, with the overall fluctuation expected to stabilize and converge.
【Operational Strategy】
Maintain the strategy of “high short and low long within the range,” focusing on key support/resistance at both ends.
If a rapid decline/panic pullback occurs during the session, consider taking on positions for a short-term rebound at low levels.
ETH has an expectation of relatively independent market behavior, and aggressive investors may prioritize its dip-buying opportunities.
