Xiaoyao KOL: BTC Ether Afternoon Market Analysis 7.29

BTC's current daily chart shows that the recent price oscillates between 118000 and 119800. On July 28, a long upper shadow appeared, indicating heavy selling pressure above. The 4-hour chart has formed multiple small rebounds followed by declines, with highs gradually decreasing and lows slightly elevating, presenting a converging triangle consolidation pattern. The DIF and DEA are close to merging, the histogram is shortening, and momentum is weakening; the daily level remains below the zero axis, with bears in the dominant position. It is recommended to enter shorts at high levels during the day.

Suggested operation: enter BTC around 119000 to 119500, target around 117500; enter Ether around 3810 to 3840, target around 3720. The market situation is constantly changing, and this article is time-sensitive. Friends entering the market should prioritize real-time guidance.
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