7.22 BTC/ETH Market View:

Bitcoin retraced to 115865 this morning, halting the decline and rebounding. We suggested a low buy at 115500 at midnight, but we were just a bit short of entering, which is a pity. The daily candlestick formed a long upper shadow bullish doji after three consecutive bearish days, and then another bullish doji was formed, indicating a risk of a pullback. MACD bears are starting to increase in volume, KDJ has crossed downwards, and RSI is turning downwards. The indicators indeed show a demand for a pullback, so be cautious with aggressive long positions.

For Bitcoin, the resistance above to watch is at 118000, 118800, and 119700; consider placing high shorts around these levels.

For support below, watch at 116000, 115000, and 114000; low buys can be attempted around these levels.

Ethereum retraced to 3693 and then rebounded. At midnight, we suggested a buy at 3680 during the pullback, but we just missed it, which is a bit regrettable. As for Ethereum, the advice remains: try not to short, focus on low buys. The daily candlestick has been bullish for nine consecutive days; although yesterday it also formed a bullish doji, MACD bulls have not yet significantly reduced in volume, KDJ has not crossed downwards, and although RSI is in serious overbought territory, it has not yet turned down, so there are no topping signals, making it hard to guess the peak! The resistance above to watch is at 3900 and 4000.

For support below, watch at 3690 and 3630; pullbacks here can be attempted for bullish positions, and if it effectively breaks below 3600, stop loss and then observe at 3500. #稳定币监管风暴