Pullbacks are not reversals! Recently, Shao Zu has been reminding us of low volatility, and the Silk Road has already reached its target in the early hours of today! The price has reached 12100, and there have been three opportunities to enter at 3590, so continue to stay bullish!

7.18 Early Morning BTC-ETH

Recently showing a wave pattern, BTC broke 120000 yesterday and retraced to 117500, with strong support around 117500. Several attempts to break through have yielded results, overall in a box-like fluctuation, but the upward momentum is weak; after the decline, it managed to recover. Overall, the bias is upward, and the low upward strategy remains unchanged.

Four-hour chart: Bollinger Bands are flat, with prices near the middle band; KDJ has a golden cross and is trending upwards, MACD is showing bullish momentum. The upper band pressure is at 120000, and a breakout would continue the upward trend.

BTC 1180-1185 bullish, looking at 1206-1220
ETH 3380-3410 bullish, looking at 3500-3560