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BTC Ether afternoon free market analysis 7.29
The daily chart of BTC currently shows that the recent price fluctuates within the range of 118000 to 119800. On July 28, a long upper shadow appeared, indicating heavy selling pressure above. The 4-hour chart has formed multiple small rebounds followed by declines, with high points gradually decreasing and low points slightly rising, presenting a converging triangle consolidation pattern. The DIF and DEA are close to merging, the histogram is shortening, and momentum is weakening; the daily level is still below the zero axis, with bears in control. It is recommended to go long at high levels during the day.
It is recommended to enter BTC around 119000 to 119500, with a target near 117500. For Ether, enter around 3810 to 3840, with a target near 3720. Market conditions are constantly changing, and the article is time-sensitive. Friends entering the market should follow real-time guidance.