Evening analysis on July 22 $ETH $BTC

Looking back at the afternoon, the pancake showed a step-like ↑ trend, gradually climbing from the 116500 line to around 118500. After a brief pullback for adjustment, it surged again, breaking through to the 119100 line, with a clear offensive rhythm.

From the hourly Bollinger Bands perspective, a clear opening expansion pattern is observed, with the distance between the upper and lower bands continuously widening. Dian Wei has strongly broken through the upper band resistance and has stabilized above it, indicating that the current trend momentum is strong. Duo Tou is dominating market sentiment, and the short-term upward space is expected to further open up.

The MACD double lines are still operating below the zero axis, but the distance between them continues to widen, and they maintain a synchronized upward movement. This indicates that bullish momentum is gradually accumulating and being released.

Therefore

The pancake can be arranged near the range of 119500-121000.

The target can be seen around the range of 118000-117000.

The second pancake can be arranged near the 3730-3770 range.

The target can be seen near the 3640-3600 range.