$BTC 7.21 Monday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

The cryptocurrency market is like a battlefield; there are no eternal favorable conditions, nor are there insurmountable adversities. Every price fluctuation tests our will and serves as a stepping stone to opportunities. Brave challenges, stay true to your original intentions, and victory will ultimately belong to those who dare to strive. In the early hours of yesterday, the market showed a retracement trend, with Bitcoin's price briefly dipping to a low of 116370, before rebounding off the bottom, currently oscillating around 117200. Ethereum also experienced a wave of adjustment, stabilizing and rebounding after reaching a support level of 3680.

From a technical analysis perspective, Bitcoin's price has been oscillating between key support and resistance levels, forming a clear consolidation range. The 4-hour K-line chart shows signs of bottoming out, and according to the Bollinger Bands indicator, it is currently testing the lower support level, and we remain bullish this morning.

Bitcoin: Buy around 117000-116500 with a short-term target of 119000.

Ethereum: Buy around 3700 with a short-term target of 3800.