Saturday Morning Analysis of Bitcoin on July 19

From the four-hour chart, the price has rapidly declined with consecutive bearish candles, touching the lower Bollinger Band and gaining support for a rebound. It is currently operating within the middle and lower band range. The MACD indicator shows that bullish momentum continues to weaken, with the fast and slow lines forming a bullish divergence signal, while bears are gradually dominating. The Bollinger Band channel is showing a tightening trend. Overall, it is expected that the market will maintain a fluctuating downward trend over the weekend, and a short-selling strategy on rallies is recommended.

Trading Suggestions:

🌱 Short Bitcoin near 1181-1185, target around 1168

🌱 Short Ethereum near 3540-3560, target around 3440

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