7.22 Tuesday Zhiming Evening Analysis and Recommendations
After hitting the bottom, the midday pancake faced pressure around 118000, with a drop stopping at the 116500 line, currently consolidating around 117500; Ethereum pulled back to 3650 and regained the 3700 mark.
The market is still in consolidation. Ethereum has been strong recently but needs some indicator adjustments; alternating rises and falls would be healthier. On the technical side, Bitcoin has double bottom support at 116500-116800 and strong resistance at 118600-119000; Ethereum has support at 3600-3650 and pressure at 3800-385
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