Analyst Liangqiu: On 7.21, BTC and ETH accelerated their pump and may continue to reach new highs.

BTC ETH market sentiment has been rapidly pumping, and last night we once again positioned for long near 117000 and around 3700 on the pullback, with the entry at around 3850 for the overall market, which is still quite good. Currently, the market is rebounding again after hitting the bottom, and altcoins are also moving forward steadily, showing a clear upward trend. However, the overall volatility is quite large at the moment, and there is no need to chase longs after the market pumps; it is better to patiently wait for further pullbacks and consolidation. We should continue to monitor the short-term support at 116000 and 3680.

BTC has been oscillating in a narrow range between 119000 and 117000 recently, and the market has not broken through, while ETH and altcoins continue to break through. The overall volatility is significant, so it is important to pay attention to risk control. ETH continues to surge, and there is further upward space on the weekly and daily charts. However, during the daytime, it is oscillating. One can first look for a surge followed by a pullback, and then rely on the support below to enter long positions. For those who prefer a steady approach, it is advisable to patiently wait for a retracement.

Trading suggestion for BTC around 118600 to 119200, with a target near 117000; for ETH around 3780 to 3800, with a target near 3710. Support levels are at 117000 and 3680 to 3700, enter the market accordingly and follow the trend.

[The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication do not have timeliness, and specifics are subject to real-time conditions.]
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