Easy Star 7.19 Early Morning Analysis

Bitcoin around 117300 can consider long positions, target looking at 119300

Ether around 3550 can consider long positions, target looking at 3680

The overall approach is still focused on low long positions, with attention to position control. As long as key support is not broken, do not blindly look for short positions.

From the current market view, the four-hour level has shown four consecutive bearish candles, and the market's decline has slowed after breaking the middle track of the Bollinger Bands. The Bollinger Bands' opening is tending to be parallel, and bearish momentum is gradually weakening, but there is no obvious continuation yet. At the same time, the J value in the KDJ indicator has entered the oversold zone, indicating that the downward space may be limited. Once the subsequent pullback ends, a rebound is expected.

From the one-hour level, after continuous declines, it has stopped at the lower track of the Bollinger Bands, indicating that there is some buying support below. As long as the key support area below is not broken, the market can continue to layout around the idea of low long positions during pullbacks.