Analyst Liang Qiu: On July 28, Ethereum surged again, just a line away from 4000, while Bitcoin struggles to break through 120,000.

Bitcoin has once again been range-bound overnight, while Ethereum surged by 100 points to reach the 3900 level, just a line away from the 4000 mark. Our strategy of laying out at 3820 last night broke through the high point of 3860, and we exited again. If we're wrong, we must acknowledge it. Currently, the market has repeatedly surged, but Bitcoin has struggled to break the 120000 mark, which poses a risk for the bulls. The daily Bollinger Bands for Bitcoin have begun to contract, and the 120000 level is also under pressure from above. Additionally, from a four-hour perspective, Bitcoin has started to show a trend of oscillation and decline.

Ethereum has been moving independently in recent days, and it has experienced multiple rallies. The support at the 3750 level has formed again, and during the process of the rally, it is advisable not to chase after the rise but to watch for a pullback after reaching a high. However, as the support level moves up, as long as this support holds, the rally will continue. The closer it gets to the important resistance level near the high, the more attention should be paid.

Operation suggestion: Bitcoin around 119300 to 119800, target around 117500; Ethereum around 3900 to 3920, target around 3820, if broken look at 116500 and around 3750, nephew 120500 and 3960.

[The above analysis and strategy are for reference only, please bear the risks yourself. The article review and publication do not have timeliness, and the specifics are subject to real-time.] #Gate Launchpad IKA上线# #以太坊重返3800# #美欧达成关税协议#