July 19 Daily Analysis

Hello everyone, good weekend. Yesterday, Bitcoin faced resistance around the 120,700 level. It then continuously declined to around 116,800 before rising again to around 117,800 in the early morning. The market has once again entered a range consolidation, and the weekend will still be a fluctuating market. Please adjust flexibly according to market trends.

From a technical perspective, the overall wide range of fluctuations is analyzed. MACD is diverging downward, and the MACD histogram value is negative, indicating that bears dominate in the short term; the daily level is also in a death cross state, and the trend is bearish. RSI hovers around 47, close to the neutral zone, but below 50, indicating weak market sentiment. The market is about to continue cautiously, so maintain a high sell, low buy strategy during the day. (Defense is crucial)

For rebounds around 119,000-118,600, consider selling.

Target around 117,400-116,800.

For rebounds around 35,700-35,500, consider selling.

Target around 35,200-35,000.

#以太坊连续两日领涨 #ETH突破3600 #币安HODLer空投C

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