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Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Sunday, July 20, 2025. I am Wang Yibo! Good morning to all coin friends ☀️ hardcore fan daily attendance 👍 Like and make big money 🍗🍗🌹🌹
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The overall market situation in the crypto market is currently in a phase of range-bound adjustment, which is also a norm during weekends. Market momentum tends to settle and accumulate strength during the weekend, which is also to prepare for better breakthroughs next week.
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Bitcoin continued to experience wide fluctuations yesterday, with prices undergoing a correction of over a thousand points, as both bulls and bears remained locked in a high-level consolidation. In the early morning hours, the market once again tested upward, with prices fluctuating back and forth within a range of over a thousand points. In the evening session, prices slightly peaked at a high of 118472 before facing renewed pressure, subsequently dropping to a low of 117245 before starting to rebound. From the daily chart perspective, although prices rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize upward. The daily chart shows that yesterday's price closed in the red, fluctuating at low levels within the range, but did not break downward. Fortunately, the 116000 level was not breached, and the overall upward trend remains unchanged. The MACD moving averages in the accompanying chart are flattening, indicating that the intraday market is still leaning towards oscillation. Short-term fluctuations are expected to continue, but since the short-term rebound high has been confirmed and the momentum is weakening, short-term operations should still focus on bearish downward adjustments before following up with subsequent long positions.
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The Ethereum evening market trends in sync with Bitcoin, quickly retracting after reaching a high of 3607, and stopping the decline at a low of 3518. In the early morning, it oscillated upwards to around 3593 before consolidating at the high level. The trend is still operating in the upper-middle track area, with short-term resistance slightly moving down, while the daily upper track gap has not been closed. Once the repair is completed, the trend is expected to refresh the high and attempt to rise again. Currently, the trend maintains a weak oscillation, and the daily level increase continues somewhat, so Minghui suggests that short-term strategies should grasp high short and low long positions within the repairing and consolidating market. Pay attention to the resistance around 3600 above and the support around 3480 below. Testing near the key support level for tentative positions is possible, but one must be cautious of short-term correction risks. #特朗普施压鲍威尔#