$ETH 7.22 Tuesday evening Bitcoin and Ethereum market analysis and operations

When others see risks, we see opportunities; when the market is in panic, we remain clear-headed. The cryptocurrency market is not a casino, but an arena for the brave—there are no myths of lying down to win; only those who continuously learn and evolve can laugh last. After rebounding to 118554 points, the market encountered resistance and fell back, ultimately finding support and stabilizing around the 117441 level, maintaining a narrow range of fluctuations overall. Ethereum's performance is more pronounced, with prices failing to sustain the upward momentum after a slight rebound to 3718 points, subsequently dominated by bearish forces, showing a one-sided downward trend, with a lowest dip to the support level of 3616 points. Although Bitcoin did not reach the expected downward space, Ethereum's short position layout accurately hit the target level. In terms of specific operations, Bitcoin made minor profits on short-term trades; 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 caught in a typical consolidation phase. The K-line shape shows obvious box-running characteristics, with the upper resistance area repeatedly suppressing price rebounds, while the lower support level also demonstrates strong buying power, forming a clear technical pattern of having a ceiling above and a floor below. From the technical indicators' perspective, the MACD double lines are repeatedly entwined near the zero axis, and the RSI indicator hovers around the 50 level, neither entering the overbought area nor touching the oversold area, further confirming the current balanced state of the market. The current price is approaching the upper boundary of the fluctuation range, and the J-line in the KDJ indicator has begun to retreat from the overbought area, indicating that short-term pullback pressure is accumulating. Combined with the multiple top structure formed by previous highs and the continued low trading volume during the rebound process, there is indeed a significant pullback risk in the market, still maintaining a downward outlook for the evening.

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

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