Xiao Yao KOL: Bitcoin Evening Market Analysis 7.31

Currently, Bitcoin's daily chart shows that the price is oscillating around 118,000, forming a slight rebound. However, it remains in the recovery phase following the previous significant decline. The 4-hour K-line displays a small range consolidation after a high-level pullback, with the current closing price near the mid-axis position. The daily MACD green bars are shortening, and the fast and slow lines are gradually converging, indicating signs of a bullish trend. The 4-hour MACD red bars have appeared but with weak strength, and the fast and slow lines are still hovering below the zero axis. There has been no significant increase in 4-hour trading volume, indicating a lack of breakthrough momentum in the short term. It is recommended to go long at high levels this evening.

Trading suggestion: Go long on Bitcoin around 119,000 to 119,500, with a target of around 117,500. For Ethereum, go long around 3,870 to 3,900, with a target of around 3,750. Market conditions are constantly changing, and this article is time-sensitive. Friends entering the market should mainly follow real-time guidance: #美联储利率决议 $BTC