$BTC 7.22 Tuesday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

When others see risks, we see opportunities; when the market falls into panic, we remain clear-headed. The cryptocurrency space is not a casino, but an arena for the brave—there are no myths of easy wins here, only those who continually learn and evolve can laugh until the end. After rebounding to 118554 points, the market faced resistance and fell back, ultimately finding support around 117441 and stabilizing, maintaining a narrow range of fluctuations. Ethereum's performance is more evident; the price failed to sustain its rise after a slight rebound to 3718 points, quickly dominated by bearish forces, showing a one-sided downward trend, with a low reaching the support level of 3616 points. Although Bitcoin did not reach the expected downward range, Ethereum's short position layout accurately hit the target point. In terms of specific operations, Bitcoin saw minor profits from short-term trading; for Ethereum, we laid out a short position at 3712 points, and as the price fell back to 3634 points, we took profits, successfully capturing a space of 78 points.

From the current 4-hour level trend, the market is trapped in a typical consolidation phase. The candlestick pattern shows obvious box-like characteristics, with the upper resistance area repeatedly suppressing price rebounds, while the lower support level also shows strong buying strength, forming a clear technical shape with a ceiling above and a floor below. From the technical indicators, the MACD double lines are repeatedly twisting around the zero axis, and the RSI indicator hovers around the 50 level, neither entering the overbought nor touching the oversold area, further confirming the current balanced state of the market. The current price is approaching the upper bound of the consolidation range, and the J line in the KDJ indicator has begun to fall back from the overbought area, suggesting that short-term pullback pressure is accumulating. Combined with the multiple top structure formed by previous highs, and the continuous low trading volume during the rebound process, there is indeed a significant risk of pullback in the market, still maintaining a downward outlook for the evening.

Bitcoin: Short around 119100-119600, short-term target 117000

Ethereum: Short around 3720-3740, short-term target 3620