$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 never born in calm waters—they always manage to take root amid fluctuations and accumulate strength through the ups and downs. In the afternoon, market bullish momentum continued to be released, with Bitcoin once again making a strong push, reaching the key resistance level of 119720 with impressive force. Ethereum exhibited a pattern of initial decline followed by a rise, quickly regaining upward momentum after stabilizing at the support level of 3755, and has currently broken through the previous high of 3834, showing strong performance as well. Monday opened on a positive note, with Bitcoin shorting in the early morning and then taking a long position, capturing more than 3700 points in total, and in the afternoon, entering another long position to gain over 1400 points. Ethereum, on the other hand, first shorted in the morning and then switched to long, capturing over 120 points in space, and in the afternoon, following Bitcoin, gained 61 points!

From the current market perspective, the four-hour level shows distinct signs of consolidation. The previous market trend closed with two solid bullish candlesticks, releasing strong upward momentum, as the price aggressively attacked from the lower Bollinger Band region, not only piercing through the middle band but also nearing the upper band pressure level, indicating significant short-term bullish momentum. However, upon reaching the upper band, the market encountered clear resistance, subsequently entering a pressure-induced pullback, which feels more like a digestion of the previous rapid rise. In the evening, Qian Yu suggests maintaining a bullish stance until the trend breaks below the previous low.

Monday Evening Thoughts:

Buy Bitcoin near 117500, targeting 112000; if broken, continue to look upward.

Buy Ethereum near 3780, targeting 3880.