7.12 Zhiming Midnight Analysis and Suggestions
Looking at the market, the four-hour level shows that after experiencing six consecutive bullish candles, the momentum of the bulls is weakening, and the bears have provided some retracement space. The price has also adjusted to below the upper Bollinger Band, but the Bollinger Band still maintains an upward opening posture. The overall trajectory of the market has not deviated from the upward channel, so the current retracement is just a normal correction method. From the one-hour level, the market is showing a choppy decline towards the middle Bollinger Band, but the Bollinger Band is gradually narrowing, and the space is continuously being compressed, indicating that the next round of retracement will not provide a large range, and the overall trend will not undergo substantial changes because of this, so in the midnight operation, we will continue to maintain the idea of buying low after the retracement.
Zhiming's Suggestions
Bitcoin around 1174700-116900, look for 118500-119000
Ethereum around 2970-2950, look for 3020-3040
