7.20 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

Frequent trading is no different from 'working' for the exchange; the key is to patiently wait for high-probability opportunities—big market movements often appear after patience, and holding cash can also be an effective strategy.

In yesterday's market, Bitcoin adjusted nearly a thousand points as expected: in the afternoon, it dipped from the high point of around 118,400, reaching a low near the morning’s starting point of 117,600; Ethereum also synchronized with Bitcoin's pullback, dipping from around 3,600 to near 3,538 in the early morning. Our bearish outlook at night was validated, successfully capturing several hundred points of space.

From the four-hour cycle perspective, the three lines of the Bollinger Bands are nearly parallel and diverging, with both bulls and bears temporarily in a stalemate, overall at a critical node for directional choice. In terms of operations, it is recommended to continue with the approach of 'mainly short on highs, with support for longs on lows':

- Bitcoin: You can short around 117,900 in the afternoon, aiming for a target near 116,500

- Ethereum: You can short around 3,615 in the afternoon, aiming for a target near 3,550 $BTC $ETH #上市公司加密储备战略