July 20 Market Analysis

Bitcoin (BTC): Taking it slow, key level at 118450!

Right now, this Bitcoin is somewhat like us lounging over the weekend, in a sideways consolidation, not much movement.

Want it to rise? First, we need to see if it can steadily hold above 118450 in the short term (1-2 hours). If it clears this level, then we might see some rebound energy, with upward targets around 119523, 120830, and 122030.

If it can't hold above 118450, it indicates a weak rebound and it might slide down further. If it does drop, the levels we can hope will provide support are around 116790, 115660, and 114730. The key is to keep a close watch on 118450, the short-term dividing line for strength and weakness!

Ethereum (ETH): No rules, sneak attack on shorts! Key support at 3630!

The standout performer this weekend is Ethereum! Completely “no rules,” it shot up nearly 200 points in one go, trapping many short sellers directly, quite a brutal move!

Now it wants to continue pushing up, and 3630 is the critical level! As long as it doesn’t drop below 3630 in the short term (1-2 hours), the upward momentum remains, with resistance levels at 3696, 3730 (this resistance is substantial!), and around 3745.

But if it can't hold 3630 and drops below, then a short-term pullback might be on the way, with support levels at 3585, 3530, and 3477. In short: If 3630 holds, bulls still have a chance; if it breaks, be cautious of a pullback!

SOL: Keep a close watch on 177!

The key point for SOL is 177.

If it pulls back in the short term and doesn’t break 177, it indicates strong buying interest, with upward resistance at 179, 182, and 185.

If it drops below 177, a short-term pullback could be coming, with support levels at 174, 171, and 168. SOL just needs to see if it can hold 177!