Analysis of Bitcoin on July 26
Bitcoin's pace today is relatively stable, with momentum weak on both the 1-hour and 4-hour levels. The daily chart has just returned to normal, and it is highly likely to continue moving sideways in the short term. Key support is seen at 116000-116500, while resistance is noted at 118000-118500.
Ethereum's pace is clearly stronger than Bitcoin's, with short-term corrections completed. The daily chart has directly entered the overbought range, and further upward movement is expected. Support is at 3650-3700, while resistance is at 3800-3900
