7.19 Midnight Bitcoin and Ethereum Market Analysis

In the evening, Bitcoin retreated after fluctuating, dropping from a high of 119515 to a low of 117297 before rebounding, currently rising above 117000; Ethereum slightly rebounded to a high of 3671 before facing pressure and retreated, with the lowest point in the evening touching 3531.

From a daily chart perspective, after the hourly price broke below the intraday upward trend line, a clear rebound structure has not yet formed. The MACD histogram is slightly contracting below the zero line, indicating that bearish momentum has weakened slightly, but no obvious bullish signal has emerged. Currently, strong support below is focused on the 117800 round number and the intraday low near 117297.

Bitcoin can be bought around: 117100-116600, with a target at 119000.

Ethereum can be bought around: 3560-3540, with a target at 3660. #BTC走势分析