7.19 Old Seven's Midday Thoughts:
From the four-hour chart, after a four consecutive bearish candles, the price found support at the lower band of the Bollinger Bands, but the Bollinger Bands are narrowing, indicating reduced volatility and insufficient momentum for both bulls and bears; although there was a slight rebound, it failed to break through the pressure of the middle band.
Looking at the one-hour chart, there is a rebound with consecutive bullish candles, but the bodies are relatively small, indicating weak momentum, and the Bollinger Bands are opening downward, with the middle band now acting as short-term resistance.
Old Seven's Trading Suggestions:
BTC: Consider short positions near 118200-118600, target 116600$BTC
ETH: Consider short positions near 3580-3600, target 3450.$ETH
