Evening Bitcoin and Ethereum Analysis on July 21
The current market continues to exhibit a bullish pattern, with the price center consistently moving upward, and the highs and lows rising in sync, indicating a healthy trend structure. The current rhythm represents a typical strong upward trend, where pullbacks are more about repairing the rise rather than a trend reversal. In a bullish market, oscillating declines are often a buildup of strength rather than a peak, so the operation should primarily focus on buying on pullbacks.
Trading Suggestions:
For Bitcoin, pay attention to the support area of 118500-118000, and consider buying on pullbacks, targeting 120000-121000;
For Ethereum, focus on the support zone of 3780-3760, and buy on pullbacks, with a short-term target of 3880. The long-term target remains 4100.
