$BTC 7.13 Weekend Intraday Bitcoin and Ethereum Latest Market Analysis and Thoughts

Here, the relationship between time and returns no longer follows a fixed formula; every market fluctuation is a test of understanding. Over the weekend, Bitcoin started to decline after a fluctuating rise, dropping from a high of 118191 to a low of 116918 before entering a back-and-forth range; currently around 117400. Ethereum mirrored Bitcoin with a slight rebound to a high of 2996 but faced pressure and fell back, touching a low of 2904 before entering a range; currently around 2935.

From the current market perspective, the fluctuation characteristics are significant. The RSI indicator is currently in the neutral zone around 50, showing no obvious overbought or oversold signals, with long and short forces relatively balanced. Signs of a narrowing Bollinger Band are appearing, with the upper band forming resistance around 118200 and the lower band providing support around 116900, further confirming the range fluctuation pattern. Currently, in a short-term fluctuation pattern, attention should be paid to whether 118000 can be effectively broken; if stabilized, it may test previous highs, while a decline may return to range consolidation. In terms of operations, it is recommended to focus on trading within the low long and high short range.

Weekend Intraday Trading Suggestions

Buy Bitcoin around 116500, target focus on 118000

Buy Ethereum around 2900, target focus on 2980.