7.18 Evening Bitcoin Silk Road
The market rhythm has changed, but the main line remains. After a continuous rise, Bitcoin faced resistance and adjusted, with a daytime high of 120846 and a low of 118384, maintaining overall fluctuations around 119000. Although bears exerted pressure, the force was not deep; the failure to break below 118000 indicates that bulls still have confidence. Ethereum is leading the way, setting a new high of 3674 during the day, clearly stronger than Bitcoin.
This wave of market movement reveals one point from macro to the charts: the main force is controlling the rhythm; washing out positions is not a retreat, but a way to build momentum. From a technical perspective, Bitcoin is fluctuating based on moving averages, with effective support; the RSI has also pulled back from overbought levels, indicating that there is still short-term upward space.
Operation Suggestions:
Bitcoin: Layout long positions at 118000–118500, aiming for 120500–121000.
Ethereum: Enter long positions at 3560–3590, aiming for 3650–3680; if it breaks, you can chase up to 3750. Be cautious when chasing long positions at high levels 🚀
