$ETH 7.22 Tuesday Afternoon Bitcoin and Ethereum Market Analysis and Operation

The fluctuations in the crypto world are like roaring waves; do not be afraid of them, but learn to ride them. Each market fluctuation is a moment of wealth redistribution; seize the opportunity, invest rationally, and write your own wealth legend with wisdom and courage. Morning market review shows that Bitcoin rebounded after touching the support level of 115865, and then quickly surged past the 117947 line. However, the upward momentum could not be sustained, and the market fell back to the support level of 116484 to stabilize. Ethereum's trend also showed a corrective adjustment, with the price falling back under pressure from the 3798 resistance level, and after a one-sided decline, it finally found support at the low of 3651. The overall market trend is consistent with expectations; the bearish views provided in the morning were perfectly realized. In the VIP trading group, we precisely laid out a short strategy for Bitcoin at 117500, successfully exiting at 116000, achieving a gain of 1500 points. The short position for Ethereum at 3770 was also entered simultaneously, ultimately cashing out perfectly at 3700, securing a stable gain of 70 points. After a brief market rebound, a decisive second entry for a short position was made at 3781. As the market continued to decline, we eventually exited at the 3684 point, successfully capturing a gain of 97 points.

From the current market trend, since the price broke through the previous high to create a new high, the market has formed a clear short-term descending channel in technical terms, and the market is repeatedly testing the lower support area with alternating bullish and bearish candlestick patterns. From the intraday chart, the price was consistently constrained by the 5-day moving average during the morning session, and after several unsuccessful attempts to rise, it began to oscillate downwards. Currently, 126000 has been tested twice, and we maintain our bearish view from the morning, continuing to look downward.

Bitcoin: Short near 117800-118300, short-term target 116000

Ethereum: Short near 3720-3750, short-term target 3650