7.23BTCETH evening strategy

From the hourly Bollinger Bands perspective, a clear downward opening structure is currently present: the upper band continues to press down, with the price running along the lower band, constantly pushing the lower band downwards. This indicates that short-term bears dominate, the trend is weak, and the downtrend has strong continuity.

The four-hour level shows consecutive bearish candles, and although there is some support near the middle band, the signs of increased volume have not diminished, and it is only a matter of time before it breaks down. The weakness on the hourly chart is even more intuitive, with consecutive bearish candles interspersed with sporadic small bullish ones, indicating a thorough release of sentiment and a smooth pullback rhythm. Overall, the bears are still in control, and the evening strategy remains predominantly bearish.

Personal advice
BTC: Enter the range of 118800-119600, target down to 117000-116000, if it breaks down look at 114000.
ETH: Enter the range 3715-3750, targeting a drop to 3650-3600.