$BTC 7.11 Friday Morning Bitcoin and Ethereum Latest Market Analysis and Insights

Clearly sharing the same cycle of rises and falls, synchronously feeling the fluctuations of the market, the final results are vastly different. Looking back at midnight, Bitcoin, after experiencing a period of volatile consolidation, again surged strongly, with the price climbing to a high of 117500, not only setting a peak for this phase but also breaking the historical high. Similarly, Ethereum's trend correlated with Bitcoin, with the price strongly rising from around 2800, successfully breaking through the 3000 mark. Midnight's insights again suggested a bullish outlook, capturing over 3600 in the early morning, while Ethereum captured a space of 174.

From the current market perspective, the 5-day, 10-day, and 20-day moving averages show a bullish arrangement, and the price remains above the moving averages, indicating that the short-term upward trend remains unchanged, with strong support from the moving averages. RSI Indicator: The current RSI14 reading has risen to around 75, entering the overbought zone, indicating a potential short-term technical pullback is needed, but under a strong trend, the overbought state may continue, requiring further confirmation with price and trading volume. In terms of operations, it is suggested to maintain a bullish outlook.

Friday Morning Operation Suggestions:

Buy Bitcoin on dips around 115500, targeting 117500.

Buy Ethereum around 2920, targeting 3100.