Wednesday evening analysis of Bitcoin on July 23
The afternoon market fluctuated down from the 1189 level to 1177, forming a consolidation range near 1182. After three consecutive bearish candles at the four-hour level, a rebound correction began, with the current price repeatedly testing the mid-band area. The head and shoulders pattern on the hourly chart has completed, showing a step-wise decline during the day but accompanied by frequent rebounds, forming a wide-ranging fluctuation pattern. It is recommended to initially short and then go long in the evening!
Trading suggestions:
🌱 Short Bitcoin near 1186-1188, target around 1165
🌱 Short Ethereum near 3680-3700, target around 3540
