7.22 Bitcoin Auntie's Early Morning Market Analysis

Bitcoin continues to oscillate between 116,500 and 119,500, while Auntie and altcoins are flying again. Auntie broke the high point again in the evening, reaching the 3,857 line. If it cannot effectively break through this level, it will likely retreat to test the support at the 3,680 line. After breaking through, we can look towards the 4,000 area, but considering the current specifics, the 4,000 mark is not far, and the space is not as large as imagined, so we need to respond flexibly.

Pay attention to the upper resistance at 3,850 and the high point, which may cause a pullback. In terms of K-line patterns, the daily level shows several consecutive bullish candles, indicating a strong upward trend. In the 4-hour cycle, there has been recent high-level oscillation, forming a small upper shadow, but overall it remains in an upward channel. On the technical indicators, the 4-hour cycle's DIF and DEA are operating above the zero axis, with the histogram turning from negative to positive, indicating increased momentum; the daily level continues to expand, with bulls in the dominant position. However, the upper short-term resistance should first see a pullback, and if the lower support holds, we can look for a rebound.

Evening operation suggestions: enter Bitcoin at 118,600 to 119,200, with a target around 117,000; enter short on Auntie around 3,830 to 3,850, targeting around 3,740. #以太坊突破3700