7.20 Bearish Resonance Decline! Market Pullback Expectations!

Previously mentioned that Bitcoin has completed a bearish butterfly pattern in the range of 121000~121500, and ETH has pulled back at the 3672 (1.618) position, which has now been realized. Looking ahead, I believe there is a high probability that Bitcoin will complete a larger bearish harmonic structure, with potential lows considered in the range of 121500~122300 after breaking 121000. The target position can refer to the previous low of 115800. ETH's deformed rise has entered an important selling zone, with no effective structural support below. SOL's rebound sentiment is strong, and there is a high probability of another pullback before further rise.

Bearish resonance expectation is occurring.

Short ETH around 3920~3940, target 3380 breakdown.

Short BTC around 121500~122300, target 115800 breakdown.

Short SOL around 200, target 156 breakdown.

The levels for ETH will be adjusted over time, but the overall direction remains unchanged.