7.21 BTC/ETH Market View:

Bitcoin's weekly K-line closed as a small bearish hammer, ending the previous three consecutive bullish weeks. The daily K-line has also seen three consecutive bearish days. After continuous reduction in the bullish MACD, the bearish trend has started to increase, KDJ has crossed downward, and RSI, after being overbought, has turned downwards. Therefore, one must be cautious of the risk of a pullback; do not chase prices in a frenzy!

On the 4-hour chart, the Bollinger Bands are flattening, with prices being pressured by the middle band and retracing; currently testing the lower band support. On the hourly chart, prices have broken below the lower band support and are running below it, indicating a need for a pullback. For the day, the upper pressure levels to watch are 117500, 118800, and 119700; consider entering short positions here.

For the lower support levels, pay attention to 115500 and 114000, which correspond to the daily K-line Bollinger middle band support. If the pullback can hold above these levels, there may be an opportunity for a low buy. If these levels are lost, it is likely to drop to 111000 and 110000.

Ethereum is Ethereum; it no longer moves in sync with Bitcoin and needs to be treated differently. The weekly K-line has four consecutive bullish days, and the daily K-line has eight consecutive bullish days, with the bulls strongly pushing prices up. Upper pressure levels are 3960, 4000, and 4110.

Lower support levels are 3680, 3630, and 3500; low buys need to observe these levels for entry.

The above is just my personal shallow opinion. If it differs from your viewpoint, then you are most likely correct; just follow your own thoughts. I am not giving signals to anyone, so please be responsible for your own gains and losses! #以太坊突破3700