Morning analysis on July 18

In the face of fluctuating prices, people's reactions are like boats in the waves, some swaying unsteadily, while others sail smoothly in the wind, towards the dawn. The price of Bitcoin rises from the nighttime trough to the peak, as if narrating a new round of market cycles. Meanwhile, Ethereum closely follows, its price curve complementing the trend of Bitcoin.
The pancake started to rebound and rise from the low of 118293, reaching a high of around 121000 early this morning, while the auntie moved in sync from last night's low point of around 3360.
The rebound recovered and surged, reaching a high of 3524.
From the four-hour chart, the large bullish candle broke through the middle track, followed by a small bullish rise, but the upper shadow is quite long. The Bollinger Bands are beginning to contract, indicating that the short-term upside potential may be limited. The MACD lines are converging, and the KDJ is showing a downward movement. Today, let's observe the pullback situation and avoid chasing highs for now.
The pancake is shorting around 120500--121000 with a target of 115000, while the aunt is shorting around 3650---3620 with a target of 3500.