$BTC 7.20 Sunday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the cryptocurrency world, you will understand that wealth is not a reward for hard work, but a reward for knowledge. Every market fluctuation is both a test and an opportunity. Do not fear the ups and downs; every rise and fall nurtures new possibilities. True experts are not only technically proficient but also possess a calm and resilient mindset. Although the path in the cryptocurrency world is full of unknowns, as long as you dare to explore, you can discover new opportunities. Let us uphold our beliefs, using wisdom and courage, to achieve financial freedom on this stage where dreams and reality intertwine! Bitcoin's early morning rebound started from the support level of 117379, fluctuating upward to the resistance level of 118340 before entering a consolidation phase; after building momentum during the day, the bearish forces concentrated their release in the evening, with a minimum drop to the key support level of 117615 to stop the decline. Ethereum showed a similar trend of rising and then falling; although it briefly reached a high of 3608 in the morning, the subsequent momentum was insufficient, leading to an adjustment, with bears gradually taking control and forming a downward fluctuation pattern, ultimately finding support at 3525. In terms of trading strategy execution, we accurately grasped the market's bearish trend. Bitcoin was precisely positioned for a short sell at the resistance level of 118300, taking profit at the support level of 117700, successfully capturing a 600-point range; Ethereum's short position was entered at the high of 3590, with a take-profit exit at 3534, securing a steady gain of 56 points. Although the weekend’s light trading led to a narrowing of market fluctuations, preventing the full realization of expected targets, the overall trading logic was highly consistent with market trends.

From the current 4-hour K-line trend, the market has entered a narrow consolidation pattern, with price fluctuations compressed into a narrow range of less than 1000 points, and trading volume showing a stepwise decline. From a technical perspective, prices are repeatedly fluctuating between the middle and lower bands of the Bollinger Bands, with the Bollinger Bands channel continuing to narrow to the tightest level of this week. In terms of operational strategy, it is recommended to maintain the range trading approach of buying low and selling high, allowing traders to capture a fluctuation space of 500-800 points.

Bitcoin: Buy near 117500-117300, short-term target 119000

Ethereum: Buy near 3530, short-term target 3620