Analyst Liang Qiu: On July 16, Ethereum was pumped multiple times, do not chase rising prices at high levels.

Bitcoin/Ethereum early session again lays out the strategy at 117600 and 3130 to 3140, with a nephew at 3153, once again sweeping a loss of one or two dozen points. After all, after breaking the early session point, the operation relies on the high point line for retracement, and one or two dozen points are still acceptable. Currently, the market remains high, and the four-hour and eight-hour lines are about to close. Ether has also reached the upper band area of the eight-hour Bollinger Bands. In the case of the market rising, do not chase rising prices, pay attention to the upper 3200 integer level resistance, while Bitcoin does not show obvious fluctuations.

Since the low point of 98100 on June 22 and 2110, the market has been oscillating and pumping to the current high point of around 123300 and 3174. The overall space for the upward movement is very large, and the time period has been nearly a month. Currently, the market can rely on the support from multiple dips to go long, but since it is not far from the high point, there is no need to chase rising prices; instead, it is better to look for a top pullback.

Bitcoin/Ethereum suggests entering the market at the current price of 118200 and around 3170 to 3180, with a short-term target of 116000 and around 3100. If it breaks, continue to look down at 114000 and the 3000 level, with a stop loss at 3210.
#Gate 2025 Q2报告出炉# #CPI数据来袭# #山寨季何时到来？#