July 15, Tuesday, Evening Analysis of Bitcoin and Ethereum!

From a technical structure perspective, on the four-hour level, after the running channel opened, the price failed to maintain above the upper track for continuation, resulting in a significant pullback due to oscillation and adjustment. The trading volume is in a reduced state and lacks supportive release, and the moving averages are also converging and showing reversal. In the short term, there is obvious high-pressure at the top, and under strong upward movement, a certain amount of consolidation is needed to build a bottom, with lower space awaiting further testing.

On the one-hour level, the price is struggling to stabilize at high levels, directly leaking down from high points towards the lower track, and the bearish volume shows a physical arrangement release, driving the moving averages to turn consistently. After a downward spike, there is a certain recovery effect, but it is just a normal repair after a retest. The demand for short-term pullback adjustment is strong, and in the upcoming strategy, we will mainly focus on short positions.

Bitcoin trading suggestion: Short around the 117200-117700 area, targeting 116200-115200.

Ethereum personal trading suggestion: Short around the 2975-2995 area, targeting 2925-2910. #CPI数据来袭 #比特币巨鲸动向 #美国加密周 #币安钱包TGE #Strategy增持比特币 $BTC $ETH