$BTC 7.19 Saturday early morning Bitcoin and Ethereum latest market analysis and insights

There are no eternal sunny days, nor are there welded nights. The ups and downs are simply the breath of the market; rushing to conclude based on temporary gains and losses is less wise than learning to steady your heartbeat amid fluctuations—when it rises, do not get carried away, knowing that risks lie hidden in the revelry; when it falls, do not panic, understanding that opportunities may be buried in the troughs. 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 retreating, with an evening low touching 3531. On Friday, the intraday strategy was to lean towards low buys, with Bitcoin going long four times and short once, netting a space of 5673, while Ethereum went long four times and short once, netting a space of 545.

From a daily chart perspective, after the hourly price dropped below the intraday upward trend line, a clear rebound structure has yet to form; the MACD histogram is slightly contracting below the zero axis, indicating that bearish momentum has slightly weakened, but there are no clear bullish signals yet. Currently, strong support below is focused on the integer level of 117000 and the intraday low near 117297. If broken, it may further test the 116000 range; resistance above is seen in the 118500-119000 range, and it needs to firmly establish itself in this area to confirm the end of the correction. In terms of operations, the suggestion is to focus on low buys.

Saturday early morning operation suggestions

Buy Bitcoin near 117000, target focusing on 119000

Buy Ethereum near 3540, target focusing on 3650.