Early trading analysis on July 20:

After the pie turned around, it rose slightly, and then the hourly line gave up all the gains for four consecutive negative days, which gave people a glimpse of the light before dawn. The reality is always cruel, and the price rebounded slightly again, and is currently consolidating at the 29,900 line.

It can be clearly seen from the daily line that the market has been moving horizontally for 5 trading days. The K-line energy column shows four broken yin and one broken yang. It has been a long time since there has been such an anxious market. Looking at the short-term trend, the trend in the 4-hour chart is alternating between yin and yang, with long and short switching back and forth. No one can guarantee which side has more initiative. We can see that although the market has not gone out of a big unilateral direction, the combined upper and lower fluctuations have room for more than 400 points. This kind of shock pattern just makes our thinking clearer. Just go for the high altitude and low long positions.

Morning action suggestions:

Big pie: 32,000-30,500 short, 29,500-29,800 long.

Ethereum: 1920-1940 short, 1880 long.

Pay attention and don’t get lost.