$BTC 7.11 Friday evening Bitcoin and Ethereum latest market analysis and insights

It is said that a day in the crypto world condenses a decade of worldly changes. This is indeed true — here, the leap across classes doesn’t require enduring years; choosing the right track can put you on the accelerator to wealth. Looking back at the afternoon, Bitcoin fluctuated within a range, testing upward from a low of 117431 to a high of 118882, then faced resistance and retreated, currently down to around 107500. Ethereum's trend mirrored Bitcoin, climbing from a low of 2963 to a high of 3040 before encountering resistance, also entering a correction phase. In the afternoon, Qianyu once again provided a low long strategy, capturing over 1300 space while Ethereum captured a space of 73.

From the current market perspective, the hourly MACD has formed a death cross, with bearish momentum slightly released, but overall still in a state of range-bound stagnation. This evening, it is essential to focus on the effectiveness of the support at 107500. If it holds, a short term long position may be attempted, targeting 110000-112000; if it breaks, be cautious of downward space opening up. When the rebound is weak, consider high shorts in the range, with a stop-loss reference above 119000. In terms of operations, Qianyu suggests treating it as low long.

Friday evening operation suggestion:

Buy Bitcoin near 117500, targeting 119000.

Buy Ethereum near 2940, targeting 3040.