2026.7.20 Day Trading Market Analysis



On the daily chart, the current movement is a short-term bottom. This week has no important news. You can place trades by referring to 80% technical analysis. Since new data hasn’t come out, the old data will continue to be traded. Watch for the old “Trump” temporary speech.
During the day: The daily chart continues to hold support and gradually ranges upward. Refer to new highs for short-term trades. Don’t open short positions. The focus today is on ranging; long positions can continue to be held. Today’s pullback is mainly for going long.
Resistance levels: 67,300, 70,800, 1,950, 2,050
Support levels: 63,600, 62,500, 1,830, 1,800

Ethereum for the day: Go long at 1,836 and 1,855. Stop loss at 1,820. Take profit at 1,900--1,920--1,960.

Bitcoin for the day: A 4-hour ranging uptrend is better. For risk-on, gradually build the head position. After you have profit, you can directly take profit, or if it breaks down, take profit directly. Long at 64,000, 63,800. Stop loss at 63,600. Take profit at 67,500, 67,000.

Combine the livestream and technicals, control position sizing and risk management. For reference only #比特币 #btc
ETH-0.91%
BTC-0.27%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned