Analyst Liang Qiu: On July 14, BTC and ETH are expected to continue to see further decline in the evening.

BTC ETH hit a new high today and then surged and retreated again. We positioned between 121500 to 122000 and around 3040 to 3060 near Kongdan Silk Road during the day. Although the entry was somewhat aggressive, we reminded to hold on patiently and wait for the surge and retreat. Overall, there is still some room. Currently, the market has retreated somewhat, and the four-hour line is about to close, showing a surge and a retreat with a bearish candle, especially in terms of Bitcoin which has been fluctuating downwards after the surge without a decent rebound. We can expect further decline tonight.

I believe many people are chasing the upward trend in today's market situation. I mentioned several times during the daytime trading that the trend of breaking new highs is indeed very strong and undeniable. However, once there is a significant surge and it hangs at the peak, the subsequent pullback can be very painful. As long as we break the high point and enter short positions in batches below the high point, we can gradually test the upper resistance. This way, even if we get temporarily stuck, it won't be too much, and there won't be significant pressure mentally.

Evening operation suggestions: for BTC, continue to open long positions around 120300 to 121000, with a target near 118000; for ETH, continue to open long positions around 3030 to 3050, with a target near 2950.

[The above analysis and strategies are for reference only, please bear the risks yourself. The publication of the article does not have timeliness, and specifics are subject to real-time conditions.]
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