Today's early session clearly indicated to go long! Currently, Bitcoin has gained over 1600 points, and Ethereum has gained 70 points.

Wednesday Morning Analysis on 7.23: $BTC $ETH

The market shows a distinct divergence: the short cycle faces pressure for a correction, and the short-term adjustment period is heating up; the upper band of the weekly Bollinger Bands extends upward, and in the medium to long term, there is still space for a bearish trend, but it needs to stabilize above the 12 level to proceed.

The tug-of-war between bulls and bears is intensifying, with oscillations becoming the norm, and sentiment is cautious. If there is an unexpected correction during the day, prices may probe below 11. In summary, it may be prudent to lightly position for short trades anticipating a short-term correction.

Bitcoin: 120100-120400 range, target around 118000.
Ethereum: 3760-3780 range, target around 3680-3700.