Saturday Morning Analysis $BTC $ETH

From the daily chart, after a recent continuous rise, the market has turned bearish, which is the first bearish signal after a series of upward candles, breaking the previous bullish pattern. However, the overall trend remains bullish, with a possibility of short-term consolidation and pullbacks. The current pullback is still stable above 116000, and the recent low can serve as a defensive point. The overall strategy remains to go long, and further increases are expected.

From the 4-hour chart, 116500 serves as a support level, forming an ascending channel, and the short-term state is oscillating upwards. The pattern still suggests a bullish outlook. If the recent low point holds today, the breakout point can also become support, and it is expected to continue rising. Although the upper space is not very large, breaking new highs after multiple tests is just a matter of time.

Operational Suggestions: Go long between 116800 and 116300, targeting 118500; for Ethereum, go long in the range of 4380 to 4360, targeting 4500. #美国7月PPI年率高于预期 #山寨季何时到来？