Mengzhou's thoughts on the afternoon of July 23.

Investing is never just a game of numbers; it's more like a journey of inner cultivation. With a sense of direction in mind, one dares to move forward, and even amidst the market's turmoil, one can always find their own space in the ups and downs.

Bitcoin once again touched a high of 120300 in the morning, but the bulls couldn't continue their strength and failed to push higher, instead experiencing a step-like decline. There was a small rebound when it reached 118600, but the momentum was average, and the price quickly tested lower again, now stabilizing around 118400. Ethereum's movement is in sync with Bitcoin; after reaching a high of 3765 in the morning, it also declined all the way down, currently stabilizing around 3695.

From the current indicators, the price is near the lower Bollinger Band, indicating that the market is temporarily leaning towards weakness. The opening of the Bollinger Band is slowly narrowing, which means that the upcoming volatility may be smaller. The MACD histogram is still extending below the zero axis, with bearish strength currently dominating. In the short term, there is a high probability that the price will continue to dip, making it a good time to pay attention to the lows and look for opportunities to enter long positions after a pullback.

The pancake is targeting multiple goals around 118000-117800, with 119500 being one of them.

The auntie focuses on multiple targets around 3650-3600, aiming for 3800.