7.18 Morning Thoughts
Current market technical indicators show that the hourly MACD has formed a golden cross with expanding red bars, indicating an increase in short-term upward momentum; the Bollinger Bands are opening upwards, and the price is stabilizing at the upper band, favoring a bullish trend. Short-term support to watch is around 119000, with resistance at the key level of 122000. If it stabilizes at a high position, it could further open up upward space, but one must be cautious of the risk of a pullback after a rise. In terms of operations, it is recommended to focus on the effectiveness of key support levels and avoid chasing highs.
Bitcoin operation strategy: Pullback near 118450-119050, target 121500
Ethereum operation strategy: Pullback near 3485-3515, target 3620
Current market technical indicators show that the hourly MACD has formed a golden cross with expanding red bars, indicating an increase in short-term upward momentum; the Bollinger Bands are opening upwards, and the price is stabilizing at the upper band, favoring a bullish trend. Short-term support to watch is around 119000, with resistance at the key level of 122000. If it stabilizes at a high position, it could further open up upward space, but one must be cautious of the risk of a pullback after a rise. In terms of operations, it is recommended to focus on the effectiveness of key support levels and avoid chasing highs.
Bitcoin operation strategy: Pullback near 118450-119050, target 121500
Ethereum operation strategy: Pullback near 3485-3515, target 3620
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