7.31 Market Analysis:
From the four-hour level, the downtrend of Bitcoin remains unchanged, with high and low points continuously moving downwards. There was a brief rebound at dawn, closing positively, but the bullish momentum is insufficient and difficult to sustain. Although the one-hour level has seen six consecutive positive closes, appearing strong, it has not broken through key resistance levels and is far from a trend reversal. The current rebound is a technical correction, not a trend reversal. It is still recommended to maintain a high short strategy in the morning session.
Operation Suggestions
For Bitcoin, target the range of 118700-119200, with a downward target around 116100-116600.
For Ethereum, target the range of 3860-3890, with a downward target around 3680-3720.$BTC $ETH #以太坊十周年 #美联储利率决议 #币安HODLer空投TREE #稳定币热潮 #上市公司加密储备战略
