7.25 Morning Thoughts

From the hourly Bollinger Bands, the three bands are almost flat, indicating that the market is currently in a range-bound state, with neither side forming a clear trend for the time being. However, it is important to note that the price is slowly approaching the lower band of the Bollinger Bands, and during this process, the trading volume is continuously increasing, which is a clear signal of bearish dominance, suggesting that in the current range, the bears temporarily hold the advantage.

Bitcoin trading strategy: Short on a rebound near 118350-119450, target 116550

Ethereum trading strategy: Short on a rebound near 3710-3755, target 3505