$BTC 7.19 Saturday Morning Bitcoin Ethereum Market Analysis and Trading Suggestions

Every moment of confusion is an opportunity for growth, and every breakthrough is a step towards success. Courageously break through the fog in front of you, and you will welcome the dawn of the cryptocurrency world, reaping unexpected wealth and growth. In the early hours, Bitcoin rebounded strongly after stabilizing at the support level of 116788, reaching a high of 118000; Ethereum also showed a V-shaped reversal trend, quickly rising from a low of 3476 and ultimately encountering resistance and falling back at a high of 3578. Our long position strategy laid out at midnight perfectly matched the market rhythm, rebounding as the price returned to the preset entry point, creating an excellent trading opportunity.

From the 4-hour chart perspective, the current market shows a clear narrowing pattern, with the upper and lower bands continuously converging, and the volatility range gradually compressing. It can be observed that the price fluctuation amplitude is increasingly narrowing, and the trading volume is also showing a diminishing trend. The upper and lower bands of the Bollinger Bands indicator are moving closer to the middle band, with the distance between the three lines continuously shrinking, especially as we enter the weekend, where market trading sentiment tends to be light, and the main participants' involvement decreases, providing short-term traders with good opportunities for high selling and low buying.

Bitcoin: Short near 118000-118500, short-term target 116500

Ethereum: Short near 3580, short-term target 3480