7.31 Ethereum (ETH) Bitcoin market strategy analysis reference

The intraday market for Ethereum has reversed and retreated, with another attempt to rally failing. The price has repeatedly faced pressure around the 3820 level, pulling back to the previous support near 3660. As expected, the market has rebounded, and the current price is around 3770. Both bulls and bears have once again entered a stalemate, and the overall market is in a phase of adjustment and consolidation. It is advisable to wait for a breakout before taking positions in the direction of the trend.
In the short-term hourly view, the Bollinger Bands are in an opening posture, with the price operating in the middle-lower band area. On the hourly level: Recently, a long upper shadow inverted hammer appeared (e.g., 07/30 16:00), indicating significant selling pressure above 3800. After a large fluctuation yesterday, a spinning top was formed (07/31 00:00), which has not yet broken through the previous high of 3822. On the daily level: From July 28 to 29, consecutive bearish candles with long lower shadows were recorded, indicating strong support in the 3720 area; the current price is capped by the previous wave high of 3775. MACD: The 4-hour DIF and DEA have crossed below the zero line (-20.85), while the daily histogram continues to shrink but remains positive, and the weekly golden cross structure has not been broken. EMA: The price is closely contesting the 4-hour EMA7 (3782), with a significant divergence from the daily EMA30 (3333), and the 120-day moving average at 3493 serves as ultimate support. The short-term trend is relatively stagnant, and the overall market is entering a corrective consolidation phase, so it is suggested to buy on dips at high levels, while keeping a steady eye on breakout situations. The upper resistance is at the 3820 line, and the lower support is at the 3660 line.
Ethereum short-term strategy reference:
Suggest to buy at 3830-3790, stop loss 30 points, target below 3810,
I suggest 3705-3655, defend at 3500 for a supplement, stop loss 30 points, target around 3760.
7.31 Bitcoin short-term strategy reference:
The recommendation is 119000-118000, defend at 121500 with a stop loss of 500 points, target below 117300.
The suggestion is to buy between 116000-115000, defend at 113500, set a stop loss of 500 points, and aim for above 117000.

The points are time-sensitive, and there is a delay in posting, so please refer to the real-time market for specifics.