Analyst Liang Qiu: Analysis of the BTC ETH market situation in the early morning of 7.22

BTC has been range-bound between 116500 and 119500, while ETH and altcoins are soaring again. ETH has once again broken its previous high, reaching the 3857 line, which aligns with what we discussed in yesterday's video and article regarding the 3850 line as a short-term weekly candlestick resistance. If it cannot effectively break through, it may test the support at the 3680 line below. If it breaks through, we could see it approaching around 4000. However, considering that the 4000 mark is not far and the space is not as large as imagined, flexibility in response is needed.

In the articles and videos discussed, it is emphasized that the long position can continue to be held patiently, paying attention to the resistance and pullback at the upper level of 3850 and the recent high point. The daily candlestick pattern shows consecutive bullish candles over several days, indicating a strong upward trend in prices. In the 4-hour cycle, there has been recent high-level volatility, forming slight upper shadows, but overall it remains in an upward channel. In terms of technical indicators, the 4-hour cycle's DIF and DEA are operating above the zero axis, with the histogram turning positive, indicating increased momentum; the daily level continues to expand, with bulls in a dominant position. However, the upper level is under short-term pressure, and a pullback is expected first, while effective support below will lead to further rebounds.

Evening operation suggestion: Enter long position for BTC between 118600 and 119200, with a target near 117000; Enter short position for ETH between 3830 and 3850, with a target near 3740.

[The above analysis and strategy are for reference only, please assume the risk yourself. The article review and publication do not have timeliness, the specifics are subject to real-time.] #以太坊突破3800# #Gate 6月透明度报告# #山寨币爆发#