7.31 Morning Thought Analysis
Four-hour Level: Although the bearish strength is weakening, the overall trend remains a slow downward movement, indicating that the long-term bearish trend has not completely reversed yet. Currently, it may be in a phase of diminishing bearish strength, leaning overall towards weakness.
Bullish strength continues to strengthen with clear signs of upward breakout, indicating that bullish momentum is accumulating in the short term, and there may be attempts for a stage rebound or local reversal.
Operation Suggestions
Bitcoin: Buy near 117500, target 119000
Ethereum: Buy near 3800, target 3880$BTC