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

Despite experiencing similar ups and downs, the ultimate outcomes can be vastly different. Looking back at the morning, Bitcoin's market showed a trend of initially declining and then rising, first dropping to the support level of 115186, followed by a strong bullish counterattack that aggressively broke through the previous high, ultimately reaching a peak of 118395; Ethereum stabilized and rebounded after correcting to the support level of 2913, peaking at 3028. In the morning, Qianyu once again provided a bullish strategy, continuing to capture over 3000 points of space while Ethereum captured a space of 102.

From the current market perspective, on the daily level, Bitcoin is firmly operating above the middle track of the Bollinger Bands, showcasing the dominance of bulls and situated in a strong zone, with future upward momentum to look forward to. The Bollinger Bands are gently expanding, indicating that market volatility is gradually increasing, opening up space for the bulls to continue their offensive. The MACD indicator maintains a golden cross status, with the green momentum bars continuously shrinking, implying that bullish strength is steadily accumulating, increasing the likelihood of the next wave of upward movement. In terms of operations, Qianyu suggests a bullish approach.

Friday Afternoon Trading Suggestions:

Buy Bitcoin around 117300, targeting 119000.

Buy Ethereum around 2940, targeting 3040.