7.23 Morning Analysis of Bitcoin and Ethereum Market

The market completed another cycle in the early hours, with Bitcoin rebounding to the resistance level around 120,300. Ethereum followed the same trend as Bitcoin, rebounding to the resistance level around 3,730, which aligns with our long-standing expectation of Bitcoin reaching the 120,000 mark.

In the short term, Bitcoin's continuous rise means that if it pulls back without significant strength, it will be hard to reach the support level below. In the morning operations, it is still recommended to wait for the pullback action, which is our signal for entry.

Bitcoin can be bought around 119,400-118,900, with a target of around 121,300-121,800.

Ethereum can be bought around 3,700-3,680, with a target of around 3,800. #BTC走势分析