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‼️July 21 ‼️
BTC Market Analysis + Today's Crypto News
#BTC和# ETH currently sees an increasing divergence, ETH is rebounding and has just created today's focus resonance, BTC is set to make a 5-wave move on a 4-hour level, and ETH is to be monitored for any further upward movements.
#BTC breaks through the 4-hour descending trend line, initiating a 5-wave upward movement. Focus on the current bullish alignment of the 4-hour moving average, which is expected to challenge the previous high point of 123000.
Current key support level:
• Near 118707 (maintaining a bullish state on the 4-hour moving average) If this level cannot be held, a technical adjustment may be faced in the short term, it is recommended to appropriately reduce positions and take profits within this range.
Current core interval reference:
• If it turns bearish in 4 hours, support is around 117871.
• Upper resistance: around 126500 +/- 2000 USD, the endpoint of the 5th wave on the 4-hour level, take profit near the previous high of 123000.
Pay attention to the continuous upward movement at the 4-hour level to ensure that the bullish moving averages are arranged in order.