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Analyst Liang Qiu: BTC and ETH experienced multiple peaks and falls on 7.19, and there may be a top in the short term.
BTC and ETH saw a significant drop after another surge yesterday. ETH fell from a high of 3674 to 3476, a drop of over 200 points, with overall volatility still quite high. Subsequently, the market began to rebound again and is currently in a short-term consolidation phase. We indicated multiple times during the day and evening yesterday that after the surge, the market would return, and it indeed fell as expected, with still considerable room for movement.
Currently, the market has rebounded after a decline, but multiple attempts to rise above 119000 and 3620 have retreated, indicating that this position has strong resistance in the short term. The support levels are at 116000 and 3480. If the market breaks below the 3480 level again, it will initiate a new round of decline. However, before breaking below this level, one can engage in a couple of short-term high sell-low buy swings.
The weekend saw broad fluctuations, with BTC referencing around 118500 to 119000, targeting near 117000, and a lower target around 116000 to 116500 while aiming for near 118000.
ETH is referenced around 3600 to 3628, with a target near 3520; buy in the range of 3480 to 3500, with a target near 3580. #ETH突破3600# #特朗普施压鲍威尔# #山寨季何时到来？#