7.21 Afternoon Bitcoin Aunt Market Analysis

In the early hours, Bitcoin surged to 118856 before facing resistance and falling back. After two waves of bearish pressure, it dropped to 116370 and is currently fluctuating around 118000; Ethereum also surged to 3826 but faced pressure, reaching a low of 3680, and has now rebounded above 3760.

The technical indicators show clear bullish characteristics: short-term moving averages are diverging upwards, mid-term moving averages are holding steady at mid-line support, MACD has a golden cross above zero accompanied by expanding red bars, and KDJ remains strong at high levels without forming a dead cross, indicating that the overall market is still dominated by bulls.

Bitcoin can be bought around: 117300 - 116800, target 119200-119700

Ethereum: 3720 - 3700, target 3820-3860 #以太坊突破3700