July 30 Analysis:

The main cryptocurrency's daily line fell from a high of around 119250 yesterday to a low of around 116900, closing at 117900. Support is located around 117400; if it breaks, we could see levels near MA30. A pullback can be considered for buying nearby, while resistance is around 119150; if it breaks, we could target around 120700. A rebound to nearby levels can be considered for shorting, with MACD showing increased bearish momentum. Reviewing the intraday market, the main cryptocurrency continuously rose from the morning low of 117388, reaching a high of 119258, and then faced selling pressure, experiencing a sharp decline in the evening, dropping nearly 2000 points in three hours, similar to the trend of the second cryptocurrency.

From a technical perspective, the daily level formed a doji candlestick yesterday. Structurally speaking, if the rebound in the next couple of days fails to engulf the high point of this doji, the high-level consolidation structure may turn into weak oscillation. The short-term moving averages are beginning to converge, showing slight death cross signs. The daily EMA120 poses certain resistance to the price, indicating potential short-term pullback pressure. At the four-hour level, several recent candlesticks have shown a bullish rebound pattern, with a bottoming candlestick forming a bullish doji, which is an improvement compared to the previous series of long lower shadow bearish candlesticks. However, yesterday's rebound was limited as expected, followed by another drop, creating a new low. The current market operates around the 114700-120400 region. On the hourly technical indicators, both DIF and DEA are below the zero axis. Although DIF has slightly turned upward, it has not broken through DEA, indicating dominance of bearish strength. After the death cross between EMA7 and EMA30, the divergence continues, with prices constrained by the EMA7 resistance. RSI is at 44.19, close to the weak neutral zone, indicating limited rebound strength. The daily MACD green bars are shortening, possibly entering a consolidation and repair phase, while RSI continues to hover in the 40-50 range, indicating insufficient momentum.

Main Cryptocurrency: Short around 118500-119000, Target: around 117500-117000

Second Cryptocurrency: Short around 3830-3860, Target: around 3760-3730

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