7.20 Weekend Daytime Ideas
The market continues its overall oscillation structure. Both Bitcoin and Ethereum show signs of rebound after a pullback, but the upper resistance has not been effectively broken. There is a clear tug-of-war between bulls and bears, and it is expected to continue oscillating within the range under reduced volume.
Bitcoin's high rebound is hindered, failing to effectively hold above 118300, and there is still a risk of a short-term decline. Although bulls have attempted to counterattack at the hourly level, the overall trend remains weak, so be wary of divergence signals at the top.
Ethereum has entered a sideways oscillation after a short-term step-like rebound, sitting at a critical area of strength and weakness. If it cannot break through with increased volume, there is still a possibility of another pullback.
Trading Suggestions
Bitcoin: If it rebounds to the 118300-118800 area, consider a light short position, targeting the 117300-116800 area; if it falls to the 117300-116800 area, a short-term long position can be considered, with the rebound target first looking at 118500-119000;
ETH: If it rebounds to around 3620-3650, consider a short position, targeting around 3550-3520; if it pulls back to the 3560-3540 area, a light long position can be considered, targeting the 3610-3640 area.
