$BTC 7.18 Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

The market is never short of opportunities; what it lacks is the patience to endure fluctuations and the insight to penetrate the fog. When others are lost in the chase of rising and falling prices, your steadfastness to value will eventually, at some dawn, let the chips shine with their due brilliance. The journey in the cryptocurrency world has always been a path walked by the brave and the wise. A review of the market shows a steady upward trend in the morning. Bitcoin, after starting from a low of 119003 in early trading, continuously climbed to a high of 120799, and then entered a phase of narrow-range consolidation. Ethereum performed even stronger, launching powerfully from a support level of 3450 in the morning, soaring to reach an intraday high of 3674. Morning's bullish outlook was perfectly fulfilled, and we also accurately grasped this wave of rising market. Bitcoin positioned long at 119100 and successfully took profit at 120600, capturing a space of 1500 points; Ethereum decisively opened a long position at 3462 and finally took profit perfectly at 3613, achieving a profit space of 151 points.

From the current in-depth analysis of the 4-hour chart, the market, after a steady four consecutive upward trends, shows a clear bullish strong pattern. The market has once again broken through 120,000, with each upward probe accompanied by sufficient consolidation and digestion. Currently, it is consolidating in a sideways manner instead of a significant pullback near the key resistance level, completing a technical repair through horizontal fluctuations. The MACD indicator continues to run above the zero axis with a golden cross, and the fast and slow lines maintain a stable expansion, with the histogram showing a gently expanding healthy trend. The Bollinger Bands channel has shifted from narrowing to outward divergence; we still maintain the unchanged mindset of buying on dips.

Bitcoin: Buy near 120000-1197900, short-term target 121500

Ethereum: Buy near 3620-3600, short-term target 3750