7.19 Brother Liang's Midday Thoughts

From the four-hour chart, after four consecutive bearish candles, the price stopped falling at the lower Bollinger Band, but the Bollinger Bands are narrowing, indicating a contraction in volatility, with both bullish and bearish momentum appearing insufficient; despite a slight rebound, it has not been able to break through the pressure at the middle band. Looking at the one-hour chart, there is a consecutive bullish rebound but the body is relatively small, with weak momentum, and the Bollinger Bands are opening downwards, with the middle band forming short-term resistance.

Trading Suggestions:

Bitcoin: Consider short positions around 118200 - 118600, target 116600

Ethereum: Consider short positions around 3580 - 3600, target 3450 #ETH突破3600 #山寨季何时到来？ $BTC $ETH