Evening Analysis on July 29
On the 4-hour level, Bitcoin has seen three consecutive bullish candles opening up upward space, with bullish momentum being released and signs of a breakout at the upper trajectory; Ethereum has broken the 38 level and is approaching the 39 range, showing strong consolidation.
Bitcoin is oscillating upward, with limited pullback strength, gathering energy for a surge; Ethereum is maintaining a good upward trend, with the pullback being a normal correction, primarily driven by bulls, continuing to pull back for long positions.
Trading Suggestions
Bitcoin: Buy around 118000, target 119500
