July 21 Market Analysis
Bitcoin (BTC):
For those who placed orders yesterday, waking up this morning to harvest profits must feel great, right? Today, the key focus is on the 118,000 level! If we see a pullback in the 1-2 hour range, and the heels firmly hold the 118,000 level without breaking, then the bulls are still in charge! The upward targets are 119,520 -> 120,830 -> 122,030, tackling each peak one by one.
Ethereum (ETH):
Last week, Ethereum really performed well, surging significantly with a big bullish weekly candle! Today, the critical level on the smaller timeframe is 3,750. In the 1-hour chart pullback, as long as the belt is still fastened above 3,750, it indicates that the bullish momentum is still there, so let’s keep the music playing and dancing! The targets to the upside are 3,786 -> 3,825 -> 3,880.
SOL:
Keep a close eye on 182 today as a crucial level! In the 1-hour pullback, as long as 182 isn't breached, the atmosphere will still favor the bulls, and there's hope for an upward spike, with targets at 187.5 -> 189.6 -> 192.4.
Old Zhu summarizes: The market looks stable today, but the key levels will determine the direction! In terms of strategy, look for stability near support levels (such as a long lower shadow or bullish engulfing pattern on smaller timeframes) before considering buying; if key support is broken, observe first or follow the trend for short positions. Control your position size, don’t let the cooked duck fly away!
Are you preparing to bottom-fish today, or waiting to escape after a break? Follow Old Zhu, he will keep an eye on the market with you!
