July 21st, Monday Afternoon Thoughts

Bitcoin and Ethereum continue to show a strong oscillation pattern. Bitcoin staged a V-shaped rebound in the morning, rising from a low of 116,492 to a high of 118,688, with a slight pullback to around 117,600, not touching the key support level; Ethereum also strengthened, recovering from 3,720 to around 3,780.

The four-hour chart shows that after the morning rebound, the candlestick had a long upper shadow during the pullback, but the bullish support remains solid. Although the KDJ indicator formed a death cross, it did not trigger an effective downward move, highlighting the market's buying resilience, maintaining an oscillating consolidation pattern after reaching higher.

Trading suggestion: Buy near 117,600, with targets at 119,000-119,500; if broken, continue to look upwards.

Buy Ethereum near 3,750, with targets at 3,830 and 3,860.