Monday Morning Analysis on July 21

From the 4-hour candlestick chart, the market experienced a prolonged period of sideways consolidation, after which bullish forces emerged, pushing prices to break through the middle band of the Bollinger Bands. This action marks a break from the previous range of oscillation in the overall trend. Despite the current market pullback, the fast and slow lines in the MACD indicator are gradually converging, showing signs of a golden cross pattern, reflecting an overall strengthening market sentiment.

From the hourly chart, although the three lines of the KDJ and RSI indicators show a downward turning trend, the dual lines of the MACD indicator continue to extend upward, failing to release a clear trend reversal signal. Therefore, the current pullback is a normal adjustment.

Bitcoin: Short position target near 118000 around 116500

Altcoin: Short position target near 3800 around 3730 #加密立法新纪元