$BTC 7.18 Friday Morning Bitcoin and Ethereum Market Analysis and Operations
Do not fear the ever-changing dynamics of the cryptocurrency world; volatility is the prelude to opportunity, and the fluctuations of the market are the foreshadowing of wealth. When others retreat in fear, we observe calmly, position ourselves in the valleys, and reap during the peaks. With firm belief and keen insight, we write our own legends. In the early morning, the market continued its bullish trend, with Bitcoin reaching a high of 120,951 before encountering resistance and falling back; Ethereum, after pulling back to a low of 3,365, strongly rebounded, reaching a peak of 3,501. The market trend perfectly confirms Xiao Ge's bullish prediction, and his precisely arranged long positions strategy once again captured substantial gains: Bitcoin long position at 118,400 took profit at 120,700, gaining 2,300 points; Ethereum long position at 3,374 closed at 3,482, easily capturing 108 points of space.
From the current 4-hour K-line trend, the bullish force still dominates the market. After a whole day of range-bound fluctuations, the price has consistently engaged in a tug-of-war around the middle track of the Bollinger Bands. However, careful observation of the market shows that although the price volatility has narrowed, each pullback's low point is gradually rising. The fast and slow lines of the MACD indicator are also flattening above the zero axis. This typical consolidation pattern of exchanging time for space indicates that the bulls are quietly accumulating energy. We continue to maintain a bullish outlook during pullbacks, ensuring proper defenses.
Bitcoin: Buy around 119,000-118,500; short-term target 121,500
Ethereum: Buy around 3,480-3,450; short-term target 3,580
