$BTC 7.20 Sunday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the cryptocurrency world, fear and greed are the norms, but the strong can always remain calm in this emotional whirlpool. Unaffected by the market's ups and downs, they use wisdom and courage to seize opportunities and act decisively. The persistence at this moment is to welcome the shining moment of future wealth explosion. Bitcoin has stabilized after the support level at the low point of 117245, initiating a steady rebound, reaching a maximum of 118158 at the short-term resistance level. Ethereum has also started to rebound from the low of 3536, steadily climbing with a fluctuating upward rhythm, testing the resistance level of 3695 before experiencing a technical pullback. The bullish strategy we previously proposed has been validated, as the market movements accurately reached our preset entry point range.

From a daily perspective, the market shows a clear three consecutive bearish candlestick pattern, with the two bearish doji candlesticks formed over the weekend having almost equal upper and lower shadow lengths. Volatility in the weekend market has significantly decreased, and trading volume has also shown signs of contraction. The market trend remains dominated by range-bound fluctuations, and we continue to maintain a strategy of buying low and selling high.

Bitcoin: Buy around 117300-117500 with a short-term target of 119000

Ethereum: Buy around 3530 with a short-term target of 3630