$BTC 7.13 Weekend Bitcoin and Ethereum Latest Market Analysis and Insights

Here, the relationship between time and profit no longer follows a fixed formula; every market fluctuation is a test of cognition. After a rise, Bitcoin started to retreat from a high of 118191 to a low of 116918, and is currently fluctuating around 117400; Ethereum slightly rebounded to a high of 2996 before facing resistance and falling back, after touching a low of 2904, it is currently fluctuating around 2935.

From the current market perspective, the fluctuation characteristics are significant. The RSI indicator is currently in the neutral zone near 50, without any obvious overbought or oversold signals, indicating a relatively balanced power between bulls and bears. The Bollinger Bands show signs of convergence, with the upper band forming resistance around 118200 and the lower band providing support around 116900, further confirming the range fluctuation pattern. Currently, in the short-term fluctuation pattern, attention should be paid to whether 118000 can be effectively broken. If it stabilizes, it may test the previous high; if it falls back, it may return to range consolidation. In terms of operations, Qianyu suggests focusing on low long and high short range trading.

Weekend Trading Suggestions

Buy Bitcoin around 116500, target focusing on 118000.

Buy Ethereum around 2900, target focusing on 2980.