7.28 Monday evening Bitcoin Ethereum market analysis and trading recommendations

The afternoon market shows a narrow range of fluctuations, with Bitcoin hovering around 118900, and the market is entering a crucial stage of accumulation. After experiencing a high-level correction, Ether also maintains a consolidation around 3880. This sideways consolidation indicates that the market is accumulating energy for the next round of trends.
From the current 4-hour chart trend, after experiencing a round of steady upward movement, although the price has retreated under pressure below the upper band, this pullback shows typical characteristics of a volume contraction adjustment. Despite the K-line pattern forming three consecutive bearish candles, the trading volume has shown a step-by-step decrease, indicating that the market's selling pressure is not heavy. From the perspective of technical indicators, the three lines of the Bollinger Bands are diverging upward synchronously, providing a solid support foundation for the price. Although the MACD indicator has shown a shortening of the red bars, the fast and slow lines remain in the strong area above the zero axis, and the distance between the two lines remains stable. This type of adjustment, which exchanges time for space, is often a precursor to accumulating energy for the subsequent trend, and we will continue to maintain a bullish outlook for the evening.
Bitcoin: Can go long around 118500, short-term target 121000
Ethereum: Buy around 3865 with a short-term target of 4000#Gate Launchpad IKA上线 #以太坊重返3800 #美欧达成关税协议