2025.7.22 9:23 AM BTC/ETH market analysis

In the past 24 hours, 3 billion CNY has been plundered, with 123,529 people going bankrupt and losing everything. There have been both long and short liquidations, especially last night when many people chased the highs without taking profits or setting stop-loss orders. Waking up from a deep sleep, their positions have disappeared. Those who do not plan ahead will face immediate worries; not setting a stop-loss will eventually lead to liquidation!
In the early morning, BTC hit a low of 116566, hitting our only entry point of 116750, rebounding to 117596, with the first take profit target of 800 dollars being sufficient. Just now, it briefly dipped to 115865 and quickly recovered to 116411. This is the second time in the past week that it has fallen and recovered. Today's key point is to focus on the gains and losses around 116411.
ETH had a low of 3716.35 early in the morning, did not hit the first long position at 3715, just had a spike down to 3693 during the morning session, and the current price is 3748, which just happened before 9:30. It did not touch the second low buy position, and at this moment, there is a space equivalent to 30 dollars, allowing for a 70% exit of the bottom position to keep the capital safe!
BTC attention
Support 119200/109500
Pressure temporarily set at 120545/123000
At this moment, the focus for BTC is on the gains and losses at 116411. If it breaks and gets suppressed, we will need to test the support demand at 112000. Stabilizing will maintain a fluctuating pattern throughout the day, leaving the options open until the evening!
ETH attention
Support 3486/3339/3101
Pressure temporarily set at 3892
At this moment, focus on the 3715 gains and losses of the second coin during the day, which is consistent with the 116411 of the first coin. If the support is broken, it will be pressured to test 3605. If it stabilizes, then it will show a fluctuation trend during the day. Be patient and wait for the direction to be chosen in the evening!
In terms of operation: the significance of a stop-loss to protect capital is the best method and technique to cope with extreme market conditions. Last night's DOGE is a perfect example. After setting a stop-loss to protect capital and taking profits of 20-60%, when you wake up after a good night's sleep, will it affect your principal if it drops further? Absolutely not. Although you earn less, isn't it better than losing money?
Contracts can focus on ETH/BTC/SOL/DOGE. When the fluctuations of BTC and ETH increase, the small altcoins are not suitable for contracts. This time has already risen for 28 consecutive days, and even if there is a pullback, it is within reason. However, there are still 1-2 opportunities for a sharp drop. It won't easily drop straight down at a 45° angle; the repeated ups and downs attract enough liquidity for maximized profits. Therefore, the probability of an immediate, massive drop right now is extremely low. If it drops, it will be through repeated oscillation and bottom testing. So don't panic, follow the rhythm. Before breaking the level and stabilizing, treat everything as oscillation!
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