Wednesday Afternoon Analysis of Bitcoin on 7.23

The morning market has fallen from a high of 120000 to around 118500, currently maintaining a range around 118600. Observing the 1-hour chart, although there are signals of increased selling pressure, the downward momentum has weakened. The upper resistance is at 119200, while the lower support is at 118000. The 4-hour chart shows a decrease in buying volume with a bearish candle, focusing on the 117500 support level and the 120300 resistance level.

Trading Suggestions:

Buy Bitcoin around 118100-118300, target near 120000

Buy Ethereum around 3650-3670, target near 3800 #加密立法新纪元