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Morning thoughts on 7.21
Early yesterday morning, the market experienced a pullback, with Bitcoin's price dropping to a low of 116370 before rebounding. It is currently fluctuating around 117200. Ethereum also went through a round of adjustments, hitting the support level of 3680 before stopping the decline and rising.
From a technical perspective, Bitcoin has recently been oscillating between key support and resistance levels, forming a clear consolidation range. The 4-hour candlestick chart shows signs of bottoming out, and in terms of the Bollinger Bands indicator, it is currently testing the lower band support, hence maintaining a bullish outlook for the morning.
Bitcoin operation idea: Pull back near 116000-116750, target 118550
Concubine's trading strategy: Pullback near 3685-3710, looking up to 3830.