The latest market analysis shows that the BTC daily chart presents a bullish line with increased long positions, indicating a strong overall trend. However, on the four-hour level, a short positions increased doji has appeared, and the Bollinger Bands are gradually narrowing, which may signal that the market is about to experience significant changes. Investors need to closely follow the resistance level near 120500, as this may be a crucial breakout point in the short term.



For Bitcoin (BTC), we recommend considering an entry around 118100, with a target price looking towards 119500. As for Ethereum (ETH), around 2935 may be a good entry opportunity, with a target price expected near 3035.

It is worth noting that the cryptocurrency market is highly volatile, and investors should be cautious when making decisions, taking all risk factors into account. At the same time, changes in market sentiment and the macroeconomic environment can also have a significant impact on short-term trends. It is recommended that investors not only follow technical indicators but also closely monitor industry news and regulatory developments to make more comprehensive investment judgments.
BTC-0.71%
ETH-1.83%
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GateUser-80d163d5vip
· 07-14 15:27
Paying Attention Carefully🔍
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