Saturday Morning Market Analysis on July 19
From the 4-hour level trend, the market shows a converging pattern, with the upper and lower bands continuously narrowing, and the volatility range compressing. The fluctuation amplitude is narrowing, and trading volume is shrinking. The Bollinger Bands' upper and lower bands are moving closer to the middle band, and the distance between the band lines is decreasing. During the weekend, market trading is light, and the participation of major players is low, making it suitable for short-term high sell-low buy.
Trading Suggestions
Bitcoin: Set short positions near 118100 - 118600, with targets at 117100 - 116500
Altcoin: Set short positions near 3560 - 3580, with targets at 3500 - 3470
