7.23 Midday Market Analysis！！！
The midday market continues the morning's volatile pattern, with Bitcoin rebounding to around 120300 in the early morning but failing to stabilize effectively, followed by a volatile decline. The market remains in a stage of short-term tug-of-war between bulls and bears.
【BTC Market Analysis】
From an hourly perspective, the Bollinger Bands show a stepped downward structure, with the mouth narrowing, indicating that market volatility is weakening and short-term entering a converging consolidation phase. The price has currently fallen below the middle track support, with bullish momentum gradually weakening and bears starting to gain an advantage.
Operational Suggestion：
It is recommended to place short positions in the range of 119000–120000,
with target levels set at the range of 118000–117000, and strictly set stop-losses.
【ETH Market Analysis】
Ethereum's morning trend is also weak, following the rhythm of BTC. From a technical perspective, short-term rebounds are lacking strength, with clear signs of pressure, and further testing of lower support is expected.
Operational Suggestion：
It is recommended to place short positions in the range of 3760–3800,
with target levels set at the range of 3690–3650.
【Strategy Reminder】
The market is currently in a consolidation and fluctuation period, with insufficient short-term rebound momentum. Investors are advised to remain cautious, focusing on high sell and low buy, with strict control of positions as a priority. Pay attention to the pre-market trends of US stocks and any macro data or sudden news that may be released in the evening.
