7.18 Morning Analysis
Current market observation shows that the four-hour candlestick chart exhibits a three consecutive bullish candlestick upward trend. In the short term, it not only broke through the upper Bollinger Band but also successfully stood above the 120,000 mark. However, the current bullish candlestick has a long upper shadow, indicating significant resistance above. Therefore, the market trend may need some time for a pullback and consolidation to accumulate energy, laying the foundation for further upward movement.
From the one-hour candlestick chart perspective, the market faced a pullback after a rise, retreating below the upper Bollinger Band, but overall it still maintains a fluctuating upward pattern. Based on this, today's early market suggests taking advantage of the pullback!
Big Coin: Buy around 118,500-119,000, targeting around 121,000
Second Coin: Buy around 3,480, targeting around 3,600
