Analysis of long and short positions for BTC/SOL/ETH contracts on July 16: Ether is strong, there are only two possibilities.

Yesterday's Ether, we reminded that there might be a resistance swap at 3015, and we looked at the resistance levels of 3065 and 3100. Both of these resistance levels had retracements in the evening, and today it rose again. On the technical side, we see that the OBV of Ether in the 4-hour and daily chart has been continuously reaching new highs. The strength here generally indicates two possibilities: one is to cover the big coin's capital withdrawal, and the doomsday vehicle is starting, and the other is that the altcoin season is here. Which trend it is, we will not discuss here for now.

$BTC The big cake today is looking at whether it can stand firm at 118600 after the support-resistance swap, aiming for resistance levels of 120400 and 122500. If it pulls back, we will look for support at 115300 and 114700, and consider going long.

$SOL was supported at 152 in the morning, if it doesn't drop below 162, we can expect it to rise to the resistance levels of 165 and 168. If it declines again, we will look at support levels of 160, 156, and 153. Long positions should consider entering at support levels.

$ETH completed a support-resistance swap at 3070 in the morning, with the next resistance levels at 3170 and 3350. If it comes down again, the support at 3070 can still be tried for a long position, with 3015 and 2960 being the support levels below.
The recent surge and pullback of BTC has a lower likelihood of a short-term drop. We need to observe whether it will surge again or distribute, completing the head formation. We'll have to watch as we go. #BTC再创新高# #ETH# #BTC#