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#山寨季来了？# 7.23 morning market
Pancake:
Yesterday, when I posted an update, Bitcoin was testing the downward trend line resistance. It briefly broke the support level for an hour but effectively rebounded as expected, testing the upper 120k resistance. Currently, it has failed to break through twice. Now, we can pay attention to the small support level at 119300; if it doesn't break, it will continue to test the 120k resistance. If it breaks, we will still look at the downward trend line and the support at 116500. If it maintains its position above, it will continue to test the previous high; if it breaks, it will pull back.
Ethereum:
Ethereum continues to oscillate within the range. A breakthrough of the upper bound leads to continued rebound, while a drop below the lower bound enters a correction. I feel that around 3730 can be regarded as the midline of the range, with a push above the midline testing 3820 and the previous high resistance level, while below the midline testing 3620 support level. #山寨季来了？#