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Evening analysis on 7.22 #BTC#
Looking back at the afternoon market, it has once again been validated by us. The price comparison has also started to rebound after a pullback, with the price rising to around the high point of 1185. The long positions we laid out have also gained over a thousand points before exiting. Ether has seen a slight increase before starting to decline, currently in a fluctuating market. In the evening, Bitcoin and Ether still suggest the possibility of going long.
The hourly chart of Bitcoin shows a clear bullish trend, with three consecutive positive candles breaking through the middle band of the Bollinger Bands, recovering lost ground; the three bands of the Bollinger Bands are diverging upwards, confirming the ample bullish momentum and strong advancement. If the price can stabilize above the middle band of the Bollinger Bands and the volume increases again, there is still a chance for further upward movement in the short term. Overall, the current bullish trend has sufficient momentum and is in a strong advancement phase. After the midday consolidation and accumulation phase, the Ethereum market is currently hovering near the predicted entry point from earlier, providing a clear opportunity to seize.
In the evening, you can go long on Bitcoin at 118300, with a target around 119500. In the evening, you can go long on ETH at 3650, with a target around 3720.