0720 buy expectation, sell fact, Bitcoin is still in a state of intense volatility.

0720 Bitcoin/Ether market report❤️ ❤️

The price of Bitcoin shows a sharp oscillation and adjustment pattern under the dual factors of favorable policy implementation and technical correction. In the short term, attention should be paid to the continuous support strength at the psychological level of 118,000 USD.

1. The price of Bitcoin broke through the $120,000 mark again on July 18, and subsequently fell back to around $117,700 due to profit-taking by bulls and the diversion of funds after policy implementation. Currently, it is oscillating in the range of $117,000 to $119,000. Affected by the market sentiment exhaustion after the signing of the bill, it has failed to stabilize above the $120,000 mark. If it can stabilize above the resistance level of $119,500 or close above it, the short-term target looks at $121,800 (intensive short liquidation zone ); key support level below moves down to $116,000 (on-chain cost resonance zone) and $115,000 (Bollinger Band middle line) as well as $114,000 (20-day moving average support), forming a triple defense line; the upper range of $119,500 to $123,000 (previous high) forms a dense resistance zone, and it is feared that a breakthrough requires the trading volume to expand to over $100 billion. In the medium to long term: The daily chart shows that the ascending channel formed by Bitcoin since the halving remains intact, with the long-term support line located around $101,500.

✅ ✅ Summary: Bitcoin is currently in a resonant upward phase, with the technical breakthrough at $120,000 opening up upward space. However, in the short term, it is necessary to be cautious of emotional exhaustion and the sustainability of the upward movement on reduced volume. It is recommended to prioritize monitoring the breakout situation in the $116,000 - $119,000 range and to closely observe the flow of funds to dynamically adjust strategies.

👉 👉 Trading Suggestions: 1. Intraday Short-term: 1. If the price retraces to the range of $117,400 - $117,800, consider taking a small long position, targeting $119,000 - $119,500, with a stop loss set at $116,500. 2. If the price rebounds to the range of $119,000 - $119,500, consider taking a small short position, targeting $117,000 - $116,500. 2. Fluctuation Scenario: (1-3 days) If the price generally maintains, a high sell low buy strategy can be adopted: Bullish Strategy: Consider buying in batches in the range of $116,000 - $117,000, stop loss at $114,000, target $119,000; Bearish Strategy: Consider taking a small short position in the range of $118,000 - $119,000, stop loss at $121,000, target $116,000.

2. Ethereum shows a bullish trend after breaking out in the short term. Under the impetus of favorable policies, ETH has surpassed the long-term resistance level of $3450, but in the short term, it is constrained by the high point of $3785 (4-hour chart). The 4-hour chart shows that the price has formed an ascending channel in the range of $3400-$3700, with solid support at the lower boundary. If it retraces to $3520 (4-hour MA100)), it may present a buying opportunity. The daily trading volume is about 16.1 million ETH (approximately $60 billion), significantly increased compared to the previous day. In the medium to long term, attention should be paid to the breakout strength of the key psychological level of $3800. If it breaks through, it may open a rapid upward channel towards $4000; conversely, if it unexpectedly falls below the lower boundary of the channel at $3400, it may trigger a technical retracement to $3200. Currently, the Ethereum price on the 4-hour chart shows a breakout above the upper boundary of the ascending wedge at $3700. If the pullback is confirmed with support, it may initiate an accelerated rise. The exchange reserves continue to decline to a historic low of 17 million coins, and the tight supply provides support for the price. The open interest in Ethereum futures has surged to a historical high of $48.7 billion, and the demand for lending agreements has increased, with the total rising to $780 million, indicating extremely optimistic market sentiment, but the risk of overheating is increasing.

✅ ✅ Summary: Ethereum is currently in a breakthrough rising cycle, with technical indicators showing a high probability of a short-term breakthrough. Pay close attention to the breakthrough of the resistance level at $3785 and the effectiveness of the support at $3400, and keep an eye on the pace of regulatory policy implementation. It is advisable to prioritize buying on dips and seizing profit opportunities during the main upward trend.

👉 👉 Trading suggestions: Mid-term: 1. If the price breaks through 3785 and confirms with a pullback, a small position can be tried for a long order, targeting 4000 USD, with stop loss focusing on the 3520 support level and changes in volume. 2. If it continues to be constrained by 3600 USD, it may dip to the strong support zone of 3420-3240 USD.

Special reminder: This article is for readers' reference only and should not be used as an investment basis!!!