#LAUNCHCOIN3L 7.29 Bitcoin strategy analysis

Technical analysis shows that on the 4-hour time frame, the MACD indicator displays a significant top divergence pattern, with its fast and slow lines not following the previous bullish rebound trend but instead continuing to decline, indicating that bearish forces have significantly strengthened and market control has shifted to the bears.
The hourly chart further verifies this bearish control pattern, with the bearish trend being more evident in this chart, characterized by a continuous downward trend and an increasing bearish strength. Additionally, the price fluctuations are close to the lower Bollinger Band, which has led to a continuous downward adjustment in the overall market, further confirming the bearish dominant state of the market. Both short-term and medium-short-term indicators show a bearish advantage.
BTC recommendation: around 118500🈳 Target 116000
ETH Recommendation: Around 3780 🈳 Target 3680
We need to act in accordance with the trend, always remain rational, defend well, and never blindly resist! Wishing everything goes smoothly, seize every wave of market movement, and we will continue to move forward side by side! #Gate Launchpad IKA上线 #以太坊重返3800 #USD1理财年化达24%