7.23 BTC/ETH Market Analysis

Bitcoin surged to a high of 120,300 in the early morning but failed to maintain the bullish trend, retreating to around 119,000.

Currently, it is oscillating at a high level near the 120,000 mark, with strong resistance above. If it cannot stabilize, the strategy of shorting high and going long low will continue.

Short Bitcoin at 120,000-121,000

Target: 119,000-118,000

Stop loss: 120,900

Ethereum has significant potential for a rebound.

Enter long on Ethereum around 3,650-3,670 during the pullback.

Target: 3,750-3,800

Stop loss: 3,600

This is a personal opinion for reference. Market conditions may change, and specific strategies should be implemented accordingly.

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