$BTC 7.12 Saturday Early Morning Bitcoin and Ethereum Latest Market Analysis and Thoughts

There are no eternal sunny days, nor are there permanently dark nights. The rise and fall is just the market's breath; instead of hastily concluding based on momentary profits and losses, it’s better to learn to stabilize your heartbeat amidst the fluctuations—don’t get carried away when prices rise, knowing that risks are hidden in the euphoria; don’t panic when prices drop, understanding that opportunities may lie within the lows. In the evening, Bitcoin retraced after fluctuations, falling from a high of 118191 to a low of 116611 before rebounding, currently rising above 117000; Ethereum slightly rebounded to a high of 3011 but faced pressure and fell back, rebounding after touching a low of 2939. On Friday, the daily analysis suggested a bullish outlook, with Bitcoin making over 9400 points of space and Ethereum making 82 points of space.

From the daily chart perspective, the hourly MACD green bars are narrowing and about to form a golden cross, indicating a short-term bullish momentum recovery. The Bollinger Bands are contracting, with support at the middle line, and the upper band pressure is around 118500. The RSI has risen from the oversold area to around 50, indicating that selling pressure has eased, with no obvious overbought signals. The short-term trend is slightly bullish; attention needs to be paid to whether the 117500-118000 range can be effectively broken. If it holds, it may test the previous highs; if it falls and breaks below 116500, it may return to the 116000-117000 range for consolidation. In terms of operations, the suggestion is to focus on low bullish positions.

Saturday Early Morning Operation Suggestions

Buy Bitcoin near 117000, target at 119000

Buy Ethereum near 2950, target at 3050.