Analysis from Wednesday, July 30th

Yesterday, the price initially surged to 119,200 before retreating to 116,900 in the evening. Bulls then pushed the price up to around 117,800. The trend showed weak continuity, with wide fluctuations.

Current Market: The four-hour chart showed two consecutive declines, halting at the middle Bollinger Band. It has found support and is recovering. Bearish momentum is fading, and a return to bullish momentum is highly likely.

The hourly chart showed three consecutive declines followed by two consecutive positive rebounds. KDJ and RSI indicators have turned upward, suggesting a buy-on-low trend.

BTC: Buy around 1170-1175, with a target of 1185-1195.

ETH: Buy around 3730-3750, with a target of 3850-3880. (#ETH )