7.31

The market continued to move slowly during the day, fluctuating in a narrow range around 29300, and ushered in a small rebound in the evening. It broke through to a maximum of 29450 and closed with a long shadow line that quickly fell back. The weakness of the bulls was very obvious. In the morning, Qiling also gave a suggestion to go as low as high in the 29500-29000 range. If there are currency friends who can keep up, they should also gain something. Qiling also gave a hint on the shipping time.

Since the market fluctuated sideways in 4 hours, the market has been in a downward trend, and the amplitude of the fluctuations has gradually narrowed, showing the weakness of the bulls. Judging from the Fib retracement line, the market has dropped to around 0.618, and has been tested many times. Therefore, in the short term, looking at the two positions of 29000 and 29500, a strong breakthrough is bound to accelerate. In the long run, Qiling still firmly believes that there will be a big pullback.

The operation recommendation is still to do low and long highs around the 29000 to 29500 range [high altitudes are the main focus and it is more stable]. The details still depend on the ⑩ disk operation.