Analysis on the evening of July 26

The Bitcoin price briefly retraced during the day before regaining upward momentum, peaking around 118300.

From an hourly perspective, the middle and upper bands of the Bollinger Bands maintain an upward slope, with a stable slope indicating a clear continuation of the medium-term upward structure; the opening of the Bollinger Bands has narrowed, which, while causing short-term volatility to converge and bulls and bears to enter a consolidation phase, does not change the dominant bullish pattern. The narrowing may be accumulating momentum for a subsequent upward attack.

Operational Suggestions

Buy Bitcoin on a pullback to the 117000-117500 range, with an initial target of 118500-119500; if it breaks through, look for 120000.

Buy Ethereum on a pullback to the 3650-3680 range, with an initial target of 3780-3850; if it breaks through, look for 4000. $BTC $ETH $SOL