7.17 Afternoon Thoughts

The hourly BOLL indicator is flat, the upper, middle and lower tracks tend to be parallel, the range continues to compress, the long and short game is stalemate, and the short-term range is likely to maintain fluctuations, and the fluctuations are constrained by the narrowing BOLL band.

On the four-hour chart, the price of Bitcoin has repeatedly tested the support of the middle track of the Bollinger channel, but failed to form a strong rebound.

Overall, the market is not completely weak. Although the short-term is weak due to the long and short tug-of-war, the price has not fallen below the key trend support line, and the overall pattern is still relatively strong

Operational suggestions: long around 118000-118500, target 119500

Ether long around 3420, target 3460, breakthrough at 3500#BTC走势分析