‼July 20 ‼

BTC Market Analysis + Today's Crypto News

There are some divergences in the market after these three days, with old coins like ETH, which were previously oversold, starting to gain momentum. I will take some time later to analyze the current trend.

#BTC和# ETH has seen an increasing divergence, currently rebounding and reaching a recent new high. The current resistance is at 4107, which is the previous high point. Please continue to monitor.

#BTC若行情延续强势结构，# BTC is currently undergoing a 4-hour level adjustment with a relatively weak trend, running below the Bollinger Bands. Pay attention to whether the 12-hour trend line can support the end of this adjustment, as there will be another upward move later. It is expected to challenge the previous high point of 123000.

Current key support level:
If 116624 cannot hold steady, it may face a technical adjustment in the short term.
Current core interval reference:
• If the 12-hour trend line cannot receive effective support, look for support at the daily trend line level.
• Upper pressure: around 123000 remains unchanged, will update promptly if market changes.

Pay attention to the pullback at the 4-hour level, which is expected around 8 PM on July 21, before the opening of the US stock market, where there will be a directional choice.