7.18 BTC and ETH Morning Market Analysis:
In the morning, Bitcoin broke through the 120,000 mark, with hourly charts continuously showing long upper shadows,
The resistance above remains strong, and it's highly probable that it will be tested multiple times during the day,
In the morning, pay attention to the 4-hour closing status; if it does not break the 120,000 mark, expect a pullback and continue to look upward!
Ethereum continues to recover; although it refreshed its high in the morning, the rise has weakened,
To prevent the emergence of a top divergence on the hourly chart, be prepared for a pullback in the morning,
Continuing yesterday evening's viewpoint, as long as the previous large bullish candle does not break, continue to look bullish on the pullback.
Morning trading strategy:
It is recommended to buy Bitcoin on a pullback at 119,800-120,000, with a target of 121,000-122,000, and a stop-loss at 119,500.
If it breaks below the 119,500 line, turn around and short on the rebound, targeting 118,500-117,000.
It is suggested to buy Ethereum in batches on a pullback at 3,430-3,450, with a target of 3,520-3,560; if it breaks the level, continue to reduce positions and look towards 3,500, with a stop-loss at 3,260.
The market is quite volatile; please control your positions well and avoid holding against the trend. If the market changes, follow the real-time strategy as a reference!
#币安HODLer空投ERA #以太坊连续两日领涨 #特朗普施压鲍威尔