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‼️July 18 ‼️
BTC Market Analysis + Today's Crypto News
Last night, the US stock market continued to rise steadily, leading to #BTC temporarily consolidating at a high level without surpassing the previous high.
#BTC和# ETH has seen an increasing divergence, currently rebounding and reaching a recent new high. The pressure is at 4107, which is the previous high point. Keep monitoring.
If the market continues its strong structure, a second attack may be launched, focusing on the current 4-hour moving average, which is in a bullish arrangement, with the potential to challenge the previous high point of 123000.
Current key support level:
• Near 118707 (maintain the bullish state of the 4-hour moving average) If this level cannot be held, a technical adjustment may face in the short term. It is recommended to appropriately reduce positions and take profits within this range.
Current core interval reference:
• If it turns bearish on the 4-hour chart, support is near 115500.
• Upper resistance: around 123000 remains unchanged, update promptly if market changes.
Pay attention to the continuous upward trend on the 4-hour level to ensure that the bullish moving averages are arranged in order.