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

In fact, we all know that the market is never smooth sailing. The panic during a sharp decline and the euphoria during a sharp rise wash over our nerves like tides. But there are always those who fill their third notebook with review notes in the darkness before dawn; those who learn that what is more important than a stop loss in a waterfall market is 'not being swept away by emotions'; those who quietly open research reports while others shout 'the market has crashed', calculating the entry point for the next cycle. This morning, Bitcoin showed a fluctuating upward trend, with the highest point reaching around 118340, failing to break through the short-selling strategy range we assessed in the morning. Ethereum's trend remained in sync with Bitcoin, also making a rebound initially, but faced significant selling pressure after reaching the key resistance level of 3608, subsequently retreating under pressure at that position.

Currently, the market is continuously under the pressure of the mid-track in the 4-hour candlestick chart, showing a clear weak oscillation pattern. From a technical perspective, the price briefly dipped below the mid-track support yesterday but failed to form an effective breakthrough, instead showing a more sluggish trend during the weekend trading session. The price volatility is gradually narrowing, forming a typical triangular consolidation pattern, and we continue to adopt a high-sell low-buy range approach.

Bitcoin: Short at around 118500, with a short-term target of 116500

Ethereum: Short at around 3580-3595, with a short-term target of 3480