7.21 BTC ETH accelerate pump or may continue to peak

BTC and ETH prices have been rising rapidly, and last night we set up positions for a pullback near 117000 and 3700, entering at around 3850. The overall space is still quite good. Currently, the market is once again rebounding after hitting the bottom, and altcoins are also moving forward. The overall upward trend is quite evident, but there is currently significant volatility. After the rise, there is no need to chase for more; instead, we should patiently wait for further pullbacks and consolidations. We will continue to monitor short-term support at 116000 and 3680.

BTC has been oscillating in a narrow range between 119000 and 117000 for some time now, with no breakthrough in the market situation, while ETH and altcoins continue to break through. Overall volatility is large, and it is important to pay attention to risk management in this situation. ETH is continuing to surge, and there is further room for growth on the weekly and daily charts. However, during the day, it is oscillating, so one might first look for a surge followed by a pullback, and then rely on the support below to enter long positions. Conservative friends can patiently wait for a retracement.

Trading advice for BTC around 118600 to 119200, target near 117000; for ETH around 3780 to 3800, target near 3710. Below, rely on support at 117000 and around 3680 to 3700 to enter the market, going with the trend.

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