7.19 Saturday Evening BTC/ETH Latest Market Analysis
From the 1-hour level, the short-term Bitcoin price has stabilized above the Bollinger Band middle line at 116,500, showing a tendency for range-bound fluctuations above. However, there is a concentrated liquidation area at the 120,000 level, and if the price rises to that vicinity within an hour, it may encounter significant resistance, leading to selling pressure and a price pullback.
From the 4-hour structure, there have been four consecutive bullish candles continuously moving upward, currently operating in the upper-middle band. However, there is still strong resistance above, causing the market to enter a brief range consolidation. The Bollinger Band is gradually narrowing, with three lines leveling off horizontally. In the short term, there is still a tendency for a pullback, but each time the price dips to the bottom, it quickly rebounds for correction, so the operation should primarily focus on the pullback strategy.
Operational Suggestions:
Bitcoin: 118,500-118,000 target looking for 117,000 area
