7.23 Wednesday morning Bitcoin Ethereum market analysis and trading suggestions

The fluctuations in the cryptocurrency market are normal; don't be afraid of short-term volatility, as it is the market's way of filtering out the true strong players. Stay clear-headed, use wisdom to strategize, let your beliefs guide you, and you will ultimately reap success. Looking back at the market trends from early this morning, Bitcoin failed to maintain its upward momentum after reaching a high of 120255, subsequently fluctuating down to around 119123 to stabilize, and is currently continuing to oscillate near the 120000 mark. Ethereum has been under pressure since the high of 3761, dropping to a low of around 3656. During the midnight period, although Xiao Ge provided a bearish strategy, the market did not show the expected significant downward trend.
From the deep technical analysis of the current market trend, the recent market performance shows typical characteristics of a volatile consolidation. On the daily chart, the candlestick patterns exhibit an alternating formation of bullish and bearish candles, indicating that the market is currently in a critical transitional phase. On one hand, the profit-taking from the previous rapid rise needs to be digested, while on the other hand, there are still discrepancies in market expectations regarding subsequent policies and fundamentals. This balance of bullish and bearish forces has created the current wide-ranging oscillation pattern, where each pullback is accompanied by capital accumulation at lower prices, while each rebound encounters resistance from trapped positions, forming a typical consolidation trend of advancing two steps and retreating one step. This morning, we could look at a strategy for a rebound high short position, and remember to set proper defenses when laying out short positions now.
Bitcoin: Short position can be taken near 120300-120800, with a short-term target of 118000.
Ethereum: Short positions can be taken around 3760-3780, with a short-term target of 36500 19283746565674839201 #山寨季来了？ .