$BTC 7.21 Monday evening Bitcoin and Ethereum latest market analysis and trading suggestions

Don't let short-term emotions disrupt your strategy; true legends are not born in calm waters—they always manage to establish a strong foundation amidst fluctuations and accumulate strength in the interplay of rises and falls. In the afternoon, the market's bullish momentum continues to be released, with Bitcoin once again gaining momentum and rising to the key resistance level of 119720, demonstrating a strong offensive. Ethereum, on the other hand, has shown a pattern of first declining and then rising, rapidly regaining upward momentum after stabilizing at the support level of 3755, and has now broken through the previous high of 3834, performing equally strong. Monday opened with a bang, as Bitcoin entered a short position in the early morning and subsequently switched to a long position, capturing over 3700 points. In the afternoon, the trend continued with another long position, gaining over 1400 points. Ethereum initially entered a short position in the morning, then switched to a long position, capturing over 120 points, and in the afternoon, it followed Bitcoin's trend to gain 61 points!

From the current market situation, the four-hour timeframe shows clear characteristics of oscillating consolidation. The previous market has consecutively closed two full-bodied bullish candlesticks, releasing strong upward momentum. The price strongly attacked from the lower Bollinger Band area, not only piercing through the middle band but also approaching the upper band resistance level, indicating significant short-term bullish momentum. However, after reaching the upper band, the market encountered clear resistance, subsequently entering a pressure-induced correction; this correction seems more like a digestion of the rapid rise earlier. This evening, Qian Yu suggests maintaining a long position before breaking through the previous lower trend.

Monday evening strategy:

Buy Bitcoin around 117500, targeting 112000, and continue to look up if broken.

Buy Ethereum around 3780, targeting 3880.