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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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‼️July 22 ‼️
BTC Market Analysis + Today's Crypto News
Last night, U.S. stocks continued to rise slightly, showing relative stability, while BTC fluctuated without any increase. There is still pressure around 123000.
#BTC market is adjusting, and liquidity is being released, which means BTC is being sold off, and the profits from selling may boost other altcoins. When a whale falls, everything thrives. The 4-hour level has touched the trend line near the 12-hour level and has strong support; this could initiate a 5-wave rally on the 4-hour level.
#ETH is currently undergoing a high-level correction on the 4-hour chart, and there is no significant drop at the moment. It is recommended not to short and wait for opportunities to go long; do not short if bearish.
If the market continues its strong structure, a second attack may be launched to focus on the 4-hour moving average, which is currently in a bullish arrangement, and may aim to hit the previous high point of 123000.
Current key support level:
•Yesterday broke below 118707, with support around 116900. Observe the 12-hour trend line; if it doesn't break down, continue to look bullish. If the 12-hour or 4-hour closing price drops below around 11690, stop-loss for long positions, and it may turn bearish.
Current core interval reference:
• Upper pressure: around 123000 remains unchanged, update promptly if the market changes.