Evening Analysis of Bitcoin and Ethereum on July 25

Bitcoin surged to the 116,400 line, and is currently stable, showing a fluctuating market. Ethereum reviewed its intraday rise to the 3,746 trend.

From the four-hour level, a strong downward wave has shown signs of stopping the decline. With increased volatility, the rebound space is also expanding, and it is currently operating at a low level, entering a slow recovery rebound phase, in the process of bottoming out and rising. Overall trend-wise, there has been a significant pullback for the bears, with a back-and-forth structure. Combining with the pattern, it is currently between the definitions of rebound and reversal; there is no market that only declines without rising, nor a market that only rises without declining. This strong correction in the short term is basically over, and what follows is likely to be a rebound correction. One can enter the market with a focus on recovering from the rebound, initially observing a bullish recovery situation.

Bitcoin can be traded around: 115,400-115,800, target: 117,800-118,300

Ethereum can be traded around: 3,700-3,670, target: 3,800-3,840 #btc #ETH