Friday Morning Analysis on July 18:

Last night, Bitcoin first rose and then fell, increasing from 118300 to 121000, and then retracing to around 119000, with increased volatility and intense competition between bulls and bears.

Looking at the hourly chart, the Bollinger Bands are widening, indicating greater short-term volatility, with the price near the middle band, where the bulls still hold the advantage. The MACD indicator shows stable bullish momentum, and the trend has not broken.

Bitcoin: Bullish around 119300-119600, target near 121000; $BTC

Ethereum: Bullish around 3530-3560, target 3600-3650. $ETH