Morning Analysis on 7.20 $BTC
The overall trend remains in a震荡下行 pattern. Prices retreated to around 117,200 in the early hours. In the short term, the market lacks significant trading volume, making effective breakthroughs in the current situation unlikely.
Four-Hour Level Analysis:
Bollinger Bands: The three lines are almost parallel and diverging, indicating a relative balance of power between bulls and bears, with the market in a critical transition period for direction selection.
MACD: The fast line is gradually approaching the zero axis, showing a significant weakening of upward momentum.
Price Pattern: The price is running between the middle and lower bands of the Bollinger Bands, presenting a small K-line adjustment pattern of fragmented ups and downs, suggesting a tendency for further testing of the support at the lower Bollinger Band.
Comprehensive Conclusion and Operation Strategy:
No adjustment is needed for the morning operation strategy, continue to adhere to **mainly short positions, with rebounds as supplementary** strategies, acting in accordance with the trend.
Specific Operation Suggestions:
Bitcoin (BTC):
Short Selling Range: 118,200 - 118,800
Short-Term Target: 117,500 - 116,000
Long-Term Target: Maintain the view to 108,000 unchanged
Ethereum (ETH):
Short Selling Range: 3,600 - 3,635
Target Range: 3,520 - 3,450