July 22, Easy Star Tuesday Afternoon Market Analysis:

Bitcoin continues its downward trend on the daily chart, closing with consecutive bearish candles, with high points gradually decreasing and low points continuously probing lower. The MACD remains in a death cross state, with momentum continuing to weaken, indicating an overall weak structure.

On the four-hour chart, Bitcoin has fallen again after a slight rebound, with high points blocked at the 119700 level, limiting short-term rebounds. The MACD histogram remains negative, with the fast and slow lines diverging downwards, indicating that bears still dominate. The RSI currently reports 42.3, close to oversold but not yet entering, suggesting a potential technical rebound demand in the short term, but overall still under pressure.

Regarding Ethereum, it is currently trading around 3700, with a 24-hour decline of about 0.92%. The price is capped by the resistance level of 3857 above. The four-hour chart has shown a fifth wave top signal, accompanied by an RSI bearish divergence and a significant decrease in trading volume, indicating clear signs of weakening rebound momentum.

Trading Suggestions:

For Bitcoin, it is recommended to short lightly in the range of 117800 to 118300, with a target around 116500.

For Ethereum, it is suggested to set up short positions in the range of 3730 to 3760, with a target around 3650.

The market remains primarily in a weak consolidation phase, and afternoon trading suggestions focus on shorting during rebounds, with attention to position control and stop-loss discipline. If key levels are broken, strategy adjustments will be made accordingly.