7.29 Tuesday evening Bitcoin Ethereum market analysis and trading suggestions

The afternoon market continued its bullish momentum, with Bitcoin rising to a high of 119255, and then experiencing selling pressure and pulling back. Ethereum's price climbed to a peak of 3883 before entering a consolidation phase, currently showing a slight pullback. We accurately captured this upward trend, laying out a long position strategy at 3833 and successfully taking profits at 3878, securing a stable gain of 45 points. Overall, the market trend completely aligns with our bullish expectations for the afternoon.
From the current market trend, the price action has consistently failed to effectively break through the key resistance level above. Every time the price reaches this area, it encounters significant selling pressure, resulting in a series of pullbacks. A close observation of the candlestick patterns reveals that long upper shadows have appeared multiple times near the resistance level. From a technical indicator perspective, the MACD's fast and slow lines are entangled around the zero axis, with red momentum bars appearing intermittently. The RSI indicator hovers around the 50 midline, neither entering the overbought zone nor dropping into the oversold zone. The Bollinger Bands are continuously narrowing, and the price volatility is gradually decreasing. The current market has been consolidating sideways for over two weeks. According to the market principle that the longer the horizontal consolidation, the higher the subsequent breakout, it is likely that once a breakout occurs, we will see a considerable one-sided movement. For tonight, we are looking at a bearish pullback.
Bitcoin: Short sell around 119000-119500, short-term target 117000
Ethereum: Short sell near 3840-3860 with a short-term target of 3700