On July 22, the Crypto Assets market showed a narrow range of fluctuations, and investors need to closely follow the daily chart closing situation. Bitcoin has been continuously fluctuating around $11,800 recently. If it closes in the red again tonight, the price may continue to operate below the 10-day moving average. In the short term, a small arc top formation may form, followed by a pullback to around $11,200 near the 30-day moving average. The key short-term resistance level is at $11,840, and it needs to be observed whether it can hold above that position.

Regarding Ethereum, the daily chart shows a small bullish candle, and attention should be paid to the support around the 5-day moving average at $3,630. On the 4-hour level, the gain or loss of the 10-day moving average should be observed, while on the 1-hour level, attention should be given to the two key support levels at $3,770 and $3,680.

In terms of trading strategy, Bitcoin can be considered for short positions in the range of $11,880 to $11,990, with target levels at $11,800 and $11,700. If there is a pullback to the range of $11,700 to $11,600, long positions can be considered, anticipating a rebound of $200 to $300. Ethereum can be bought around $3,750, and if it pulls back to $3,700, additional positions can be added, with target levels at $3,800 and $3,850. The short strategy for Ethereum can refer to that of Bitcoin.

It is worth noting that the current market is in a critical period, and investors should operate cautiously, closely following market trends and changes in important support and resistance levels. At the same time, attention should also be paid to the impact of the macroeconomic environment and regulatory policies, as these factors may have a significant impact on the digital currency market.