Market analysis for BTC/ETH on 2025.7.16 at 9:40 AM

On this night, 3.2 billion CNY vanished into thin air, and 113,827 people went bankrupt to zero! In two days, 7.2 billion CNY was wiped out. As the market volatility increases over these two days, the long and short liquidity is also being harvested at an accelerated pace!
The BTC movement was average that night, not attracting much liquidity participation. ETH accelerated to break the new high of this wave's rebound, rising to 3154, and is now facing resistance at 3185/3355. After that, it will need to open up space above 4000!
Last night, BTC first falsely broke below 116411, giving countless short sellers hope, and then hit the peak again in the early morning. Altcoins basically rebounded strongly across the board. The market has been very volatile in recent days, with many fluctuations exceeding 10%. It's easy to make erratic trades when being tortured every day. As always, it's recommended to have a trading plan for altcoins and strictly adhere to it; patience is essential!
BTC attention
Support 109500/112000
Pressure temporarily set at 130800
Although it is currently consolidating in the range of 116411 and 119200, the accelerated breakthrough and surge of the second coin seem to be competing with the first coin for market liquidity. The market is finally showing some FOMO awareness and is daring to start a trend independently of the first coin!
ETH attention
Support 2851/2746
No pressure
At this moment, ETH is leading the market to a breakthrough trend. Theoretically, a steady breakthrough above MA60 and MA120 should initiate at least a 2-month oscillating upward trend. Based on the 24-hour continuous trading mechanism in the crypto space, can we boldly predict an oscillating upward trend lasting 15-25 days or more?
The only option left is to let the spot layout drop and protect the gamble while it rises. The time has come to be friends with time; as long as you remember the stop-loss conditions and do not trigger them, you can just hold on! After waiting year after year, if there is no patience at this moment, then when will there be patience?
The best way to deal with the current market is with the most optimistic mindset and the most conservative operational skills!
Operationally: Strategically valued, tactically underestimated; first, it’s not a problem to layout spot trading during a major downturn, especially for those newly hot tokens that have just broken through and stabilized or are about to break through and stabilize at ma30/ma60/ma120, with a significant distance from ma250, which can be a key focus!
It's possible to transfer contracts to old mainstream ones like SOL/LTC. BTC and ETH have become performance leaders, and improper position control can easily lead to being tortured back and forth and trigger stop losses!
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