7.19 Evening Big Cake Market Analysis

On Saturday morning, the big cake rose from 116900 to 118548, with a fluctuation range of about 1600 points. The market remained relatively unchanged around 118200 during midday, with narrow fluctuations.

Observing the hourly Bollinger Bands, the three track lines are gradually converging and parallel, indicating that the volatility will be relatively small in the short term, and the market is entering a consolidation phase.

Operation suggestion:

Short positions can be taken around 119000-119500, targeting the 117100-116600 area, with a focus on changes in support strength. $ETH $BTC #加密立法新纪元 #GENIUS稳定币法案 #币安HODLer空投C #山寨币突破