7.31 Afternoon Bitcoin Aunt Analysis
In the early hours, impacted by the Federal Reserve's interest rate cut falling short of expectations, Bitcoin bears took the lead, with Bitcoin dropping from 118000 to around 115700. After a counterattack from the bulls, it fluctuated around 118300. Similarly, Ethereum reached a peak of 3830 and a low of 3670 in the past 24 hours, with a significant distance between them. Although the four-hour chart shows consecutive bullish candles, it has not broken through key resistance, and the MACD death cross also suggests a lack of strength from the bulls.
Bitcoin can be traded around: 119000 - 119500, target: 117100 - 117600
Ethereum can be traded around: 3870 - 3900, target: 3795 - 3750
