Evening Analysis on 7.16

Bitcoin may first pull back to gather strength in the short term, with the extent expected to be limited. The recent market continues the rhythm of 'consolidating gains after rising before continuing to rise'.

Key focus is on the 118500-118800 range, which is the core support zone for bulls in the short term. If it holds, the pullback may be basically complete;

Upper resistance to watch is at 119500 for short-term selling pressure. After breaking through, focus will shift to the resistance at the round number 120000.

For Bitcoin: It is recommended to buy on dips within the 117800-118300 range, targeting 120000 (if broken, can further target 122000), with a stop-loss set at 500 points; $BTC

Regarding Ethereum: $ETH

Lightly position short orders within the 3200-3230 range, targeting down to 3050, with a stop-loss of 30 points. #山寨季何时到来？