7.14 Monday Evening Bitcoin and Ethereum Analysis:
In the afternoon, Bitcoin continued its bullish trend, once surging to around 123200, and then fluctuating around 122200 for adjustments. From a daily perspective, the price has successfully broken through the previous historical high, and the overall market remains in a strong bullish rhythm. Although there was a slight increase in volume during the four-hour period, it did not damage the overall structure.
Regarding Ethereum, it rose to 3066 during the day and then entered a range of fluctuations. The short-term trend appears slightly hesitant, but overall it remains strong. The bullish main line is still present, just with a slowed rhythm.
Currently, the market is generally focused on whether the Federal Reserve will release more easing signals in the coming weeks. At the same time, the continuous net inflow into ETFs and the easing of regulatory expectations in the cryptocurrency industry also provide support for the market.
Operational Suggestions:
Bitcoin: Pull back to around 121500-120000, looking towards around 123500-125000.
Ethereum: Pull back to around 3030-3000, looking towards around 3090-3120.
