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#ETH 7.27 market analysis
Today, Bitcoin has a V-shaped rebound within the day, recovering from the downward trend. The bulls appear to be strong, but the daily candlestick shows a small bullish line under pressure from moving averages, indicating an overall technical correction.
On the hourly level, the price maintains an alternating consolidation of bullish and bearish candlesticks, with strong resistance around 118500, and bearish forces gradually accumulating.
Bitcoin: Bearish near 1183-1188, targeting around 1165-1150.
Ethereum: Look for a range around 3790-3820, with a target near 3720-3670.