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

Here, the relationship between time and returns no longer follows a fixed formula; every market fluctuation tests our understanding. After a rise in Bitcoin over the weekend, it began to pull back from a high of 118191 to a low of 116918, now oscillating around 117400; Ethereum mirrored Bitcoin with a slight rebound to a high of 2996 before facing pressure and falling back, touching a low of 2904 and now oscillating around 2935.

From the current chart, the oscillation characteristics are significant. The RSI indicator is currently in the neutral zone around 50, with no apparent overbought or oversold signals, and the forces of bulls and bears are relatively balanced. Signs of a narrowing Bollinger Band appear, with the upper band forming resistance around 118200 and the lower band providing support around 116900, further confirming the oscillation pattern. Currently, in a short-term oscillation pattern, attention should be paid to whether 118000 can be effectively broken; if it holds, it may test previous highs, and if it falls back, it may return to range consolidation. In terms of operation, it is advised to mainly trade within the low long and high short range.

Weekend Intraday Trading Suggestions

Buy Bitcoin around 116500, target focusing on 118000.

Buy Ethereum around 2900, target focusing on 2980.