7.26 Bitcoin, Analysis of Operations:

Due to the U.S. stock market being closed over the weekend, the market remained sideways with repeated fluctuations between bulls and bears.

Technical Analysis:

• 1-hour level: The K-line broke through the middle band of the Bollinger Bands and is oscillating upwards, but the upper band has a significant suppressive effect, hindering the upward momentum.

• 4-hour chart: The price has a large deviation from the middle band, indicating a short-term need to return to the middle band.

• Daily level: Signs of a downward break below the middle band are evident, and the overall trend is under pressure.

Trading Suggestions:

Buy Bitcoin around 117800-118300, target 116500, 116000 level.

Buy Ethereum around 3750-3770, target 3650, 3600 level $BTC $ETH