Evening Analysis on July 18 $BTC
The afternoon market analysis shows that Bitcoin has fluctuated and retreated from the high of 121000, and is currently stabilizing around 118400, entering a narrow consolidation phase, with the market trading range continuing to narrow.
From the hourly chart's Bollinger Bands perspective, the three lines are running parallel, clearly indicating that we are currently in a consolidation pattern, with buying and selling forces temporarily balanced. It is worth noting that the price is gradually testing the support of the lower Bollinger Band. If this position can form effective defense, short-term rebound opportunities may arise.
Operation Suggestions:
In the evening, focus on positioning long orders in the support area of 118400-117500 for Bitcoin, with upper targets in the range of 119800-121000;
For Ethereum, look for long opportunities in the range of 3580-3560, targeting the resistance area of 3730-3750.
