Evening Analysis of Bitcoin and Ethereum on July 22
The afternoon market trend once again confirms the previous prediction. After a pullback, BTC quickly rebounded and is currently running around 118,700, with the structure still showing a strong tendency. Although ETH has experienced a slight decline, it overall maintains a pattern of oscillation and consolidation.
From a structural perspective, if BTC can stabilize around the middle Bollinger band and increase its volume, it is expected to continue challenging previous highs, with short-term bullish momentum still releasing. ETH has been oscillating repeatedly within the predicted range during the afternoon, showing clear signs of bottoming out and possessing the potential for another upward attack.
Trading Suggestions:
Bitcoin: Long in the range of 117,400–117,900, target 119,300–119,800
Ethereum: Long in the range of 3,620–3,650, target 3,760–3,800
