7.18 Early Morning Thoughts

Looking back at the evening market, Bitcoin first fell from 119200 to 117400, then surged to 119100, forming a V-shaped trend, and then entered a consolidation phase.

From the hourly perspective:

- The three lines of the Bollinger Bands are running horizontally, with the envelope continuously narrowing, indicating that market volatility is gradually decreasing. The buying and selling forces are currently balanced, and it is highly likely that we will enter a range-bound adjustment pattern.

- The MACD double lines are intertwined, and the energy bars are close to the zero axis, further confirming the current balance of buying and selling forces.

Operational Suggestions:

- Bitcoin: Go long in the range of 117000-117800, targeting the 119100-120500 range.

- Ether: Go long in the range of 3340-3380, targeting the 3440-3480 range. $BTC $ETH