Morning analysis of thoughts on 7.20

The overall trend remains in a fluctuating downward pattern. In the early morning, the price briefly fell to around 117,200. In the short term, the market lacks significant trading volume, making the possibility of effectively breaking through the current situation relatively low.

Four-hour level analysis:
Bollinger Bands: The three lines are nearly parallel and diverging, indicating that the forces of both bulls and bears are relatively balanced, and the market is in a critical transitional period for directional choice.
MACD: The fast line is gradually approaching the zero axis, indicating that the upward momentum is significantly weakening.
Price Pattern: The market is running between the middle and lower bands of the Bollinger Bands, showing a small K-line adjustment pattern of fragmented bullish and bearish candles, suggesting a tendency for further short-term testing of the support at the lower Bollinger Band.
Comprehensive Conclusion and Operational Strategy:

No adjustments are needed for the morning trading strategy, continue to adhere to the strategy of **primarily short positions with counter-trend shorts as a supplement**, and operate in accordance with the trend.

Specific operational suggestions:
Bitcoin (BTC):
Shorting Range: 118,200 - 118,800
Short-term target: 117,500 - 116,000
Long-term target: Maintain the view to 108,000 unchanged
Ethereum (ETH):
Shorting range: 3,600 - 3,635
Target Range: 3,520 - 3,450