7.18 early morning BTC-ETH



Recently showing a wave-like trend, BTC broke 120000 yesterday and retraced to 117500, where the intraday support at 117500 is strong. There have been several recoveries after the downward moves, overall in a box range fluctuation, but the upward momentum is weak. After the decline, if it can recover, the overall bias is towards the upside, and the strategy remains unchanged for a lower upside.

4-hour chart: The Bollinger Bands are flat, with the price near the middle band; KDJ has formed a golden cross and is trending upwards, while MACD shows bullish momentum. The upper band resistance is at 120000; a breakthrough would continue the upward trend.

BTC 1180-1185, looking at 1206-1220
ETH 3380-3410, looking at 3500-3560
BTC-1.01%
ETH-3.42%
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