7.17 Big Pie Aunt Midnight Thoughts

Currently, the bulls still hold the initiative. From a daily perspective, the price of the coin has previously closed several consecutive bullish candles, and the overall structure remains strong. Although there was a pullback yesterday, the overbought state of short-term indicators has eased somewhat, but the trend structure has not been broken, and the bulls continue to dominate. Looking at the four-hour chart, the previous three consecutive large bearish candles pushed the price down to the lower band of the Bollinger Bands, followed by a consolidation and rebound, gradually moving up to the middle band. Currently, the MACD

energy bars are continuously decreasing, and the fast and slow lines are tending to converge, indicating that short-term momentum is slightly insufficient. However, the Bollinger Bands are tending to flatten, and the price operates within a relatively loose space, which is favorable for the continuation of subsequent fluctuations.

In summary, the overall bullish pattern has not changed, and the market is likely to continue to fluctuate upwards. In terms of operation, it is recommended to maintain the idea of "buying on dips," paying attention to stabilization signals at the support level below, while also closely monitoring the breakthrough situation at the 120,000 mark. If it can stabilize with increased volume, it is expected to open up new upward space.

Personal Suggestions

Big Pie: 118800-119500 enter long, target looking at 121000-122000$BTC

Aunt: 3230-3260 enter long, target looking at 3300-3350$ETH