Evening Strategy on July 23

​Current market signals indicate a short-term bullish bias: The hourly MACD golden cross combined with the amplification of bullish candles, and the KDJ moving upwards without reaching the overbought zone, suggests that bullish momentum is accumulating with moderate volume increase, indicating there is still upward momentum in the short term.

After three consecutive bearish candles, the four-hour level has stopped declining, with prices oscillating near the middle band, currently in a rebound correction phase. The head and shoulders pattern on the hourly chart has been completed. Although there is a stepwise decline during the day, the overall characteristic remains broad oscillation with non-sustaining pullbacks. Overall, the evening strategy should focus on seizing pullback opportunities; a pullback to the right level will signal a buying opportunity.

​Bitcoin trading strategy: Pull back to around 116850-117850, with an upward target of 119550.

​Ether trading strategy: Pull back to around 3575-3615, with an upward target of 3785.