7.18 Morning Bitcoin Trend Analysis

In the early hours, Bitcoin experienced a surge, rising from the level of 118300 to a high of 121000, then faced pressure and fell back to around 119000. The overall volatility was significant, with an increase in the struggle between bulls and bears. This shows a trend of rising first and then suppressing. Therefore, we should continue to participate with a strategy of buying low and selling high!

From the hourly Bollinger Bands perspective, the bands are continuously expanding, indicating an increase in short-term price volatility and a faster pace of market momentum release; currently, the price is operating around the upper ascending track of the Bollinger Bands, suggesting that the bullish force still dominates in the short term, and the upward momentum has not yet completely exhausted.

Regarding the MACD indicator, the two lines are showing a parallel upward extension, and the histogram energy maintains stable release without obvious signs of contraction or reversal, indicating that the current bullish momentum remains coherent, and the short-term upward trend structure has not been damaged yet.

Bitcoin: You can look to buy in the range of 119800-119300, with a target around 121000-122500.

Ethereum: You can look to buy in the range of 3480-3440, with a target around 3600-3650.

I am Li Mingjie, a senior analyst with seven years in the field, focusing on guidance for mainstream cryptocurrencies. Friends who are struggling with their own trading can follow me. $BTC $ETH #BTC再创新高 #以太坊连续两日领涨