$BTC 7.11 Friday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the afternoon, the overall market for Bitcoin showed a sideways consolidation trend, with neither a significant breakout nor a major pullback, displaying typical characteristics of buildup. After hitting a low of 2960, the price of Ethereum rebounded strongly, rising to a high of 3040. In the afternoon session, we accurately positioned a long order at 2971, and as the market steadily rose, we ultimately took profits at 3030, successfully capturing a space of 59 points.

From the current market trend, whether on the daily or hourly level, the market shows a strong continuous upward trend, with prices consistently breaking previous highs and forming a clear bullish arrangement. From a technical indicator perspective, the MACD fast and slow lines continue to diverge above the zero axis, the KDJ indicator remains in a high-level dull state, and the moving average system shows a perfect bullish arrangement. Xiao Ge believes that in such a clear bullish trend, overly entangling oneself in the detailed analysis of technical aspects may lead to missed opportunities. The market has already conveyed to us through actual trends: the bullish market pattern has been established. If one still stubbornly holds a bearish mindset at this time, it not only goes against market trends but may also lead to unnecessary losses. In trending markets, going with the trend is the wise choice. In terms of trading strategy, continue to maintain a bullish outlook, patiently hold the positions in hand, and remember that in a bullish market, letting profits run is more important than frequent trading; the key is to hold onto the positions and not be disturbed by short-term fluctuations, while also maintaining good defense.

Bitcoin: Buy around 117300-116800, short-term target 119500

Ethereum: Buy around 2960-2940, short-term target 3050