From the current market perspective, the daily level shows that recent prices have retreated from a high, forming a series of bearish candles. The closing price on July 15 was 116196, a significant drop of 3645 points compared to the previous day, showing a clear bearish trend. At the hourly level, a long lower shadow was formed at 22:00, with a minimum touching 116188 before rebounding, indicating some buying support at that level. In the MACD hourly chart, both DIF and DEA are below the zero axis and continue to decline, with the MACD histogram in negative territory and gradually shrinking, still leaning weak in the short term, but a bottom divergence signal may appear. The RSI value is 32, close to the oversold range, indicating a potential short-term technical rebound demand; however, it has not escaped the weak area overall. MA7, EMA30, and EMA120 are all diverging downwards, and the current price has fallen below all moving averages, with EMA7 exerting pressure on the price. Bitcoin has reached the target point of the afternoon strategy, and for the evening's Bitcoin/Ethereum, we continue the afternoon layout and look down further.
Bitcoin target looks to be around 115000
Ethereum target looks to be 2950-2930
