Latest Market Analysis for Friday Morning, July 18

From the current perspective, the recent trend continues to show a wave pattern, with a peak of 120950 reached early in the morning, followed by a pullback to 119000. Overall, it exhibits a box oscillation structure, but the bearish sentiment remains quite weak. Each downward movement has been effectively recovered, indicating that the overall trend is within a range of fluctuation. The momentum continues to break through the upper resistance, and the lower range remains unchanged!

Bitcoin: 119000-118500 range, looking up towards around 121000-123000

Ethereum: 3450-3400 range, looking up towards around 3600