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📈 7.19 midday crypto market observation | Key level reminder
The morning market fluctuates narrowly around 118000, with both bulls and bears continuing to tug-of-war. From a technical perspective:
▪️A double bullish candlestick rebound appears on the 4H level, with signs of a golden cross in the MACD.
▪️Key resistance level: 118500 (breakthrough to see 119800)
▪️The volume at the 1H level is gently expanding, paying short-term attention to the 118900 resistance test.
✨ Today's operation reference:
-Large🫓: The 118500-119200 area is under pressure and can consider range trading, with support level focusing on 117500.
-Second 🫓: There is a supply zone in the 3600-3630 area, and the support on the pullback is at 3550.
💡 :
Recent market fluctuations have intensified. Suggestions:
1️⃣ Do a good job of position management
2️⃣ Set Stop Loss Protection
3️⃣ Pay attention to the evening opening of the US stock market.
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