7.30 Evening Bitcoin Auntie Market Analysis

From the current market perspective, the daily MACD red bars continue to expand, DIFF and DEA maintain a golden cross state with no narrowing, indicating that bullish momentum is still being released; although there are slight signs of a top divergence on the hourly level, a clear reversal signal has not yet formed, and caution is needed for short-term pullback demand after a midday surge. The correlation between Ethereum and Bitcoin remains high, and the afternoon trend will heavily depend on Bitcoin's directional guidance. If Bitcoin breaks through the resistance at 118500, Ethereum is expected to follow up and test the range of 3850 - 3880. For afternoon and evening operations, it is recommended to maintain a high short and low long strategy until a breakthrough occurs.

Bitcoin can be bought near: 117500 - 117000, with a target of 118600-119100,

Ethereum can be bought near: 3710-3680, with a target of 3810-3880. $BTC $ETH #btc #ETH