Analysis on the morning of 7.23

From the hourly level BO perspective, the current three lines show a tilted trend. The upper and lower bands are showing signs of expansion, which usually suggests a strengthening tendency of short-term trend momentum. The operation of Diwei continues to be close to the upper band area, reflecting that the bullish forces are slightly dominant in the current game, and the upward momentum still has continuity.

In terms of the MACD indicator, the dual lines maintain a parallel upward trend above the zero axis, and the energy bars continue to expand, indicating that the bullish momentum is still being effectively released, with relatively strong short-term buying power, and the overall technical perspective shows a bullish pattern. However, the 120000 level remains a strong resistance level, and if it is broken and unstable, it may revert; it can be bullish first and then bearish.

Suggestions:

The major coin can be bullish in the range of 118700-118000

Target can be set around the range of 119800-121000

The secondary coin can be bullish in the range of 3700-3670

Target can be set around the range of 3770-3820 #加密立法新纪元