$BTC 7.20 Sunday early morning Bitcoin Ethereum latest market analysis and trading suggestions:
In the cryptocurrency world, what you want is not followers, but like-minded companions who believe that 'slow is fast.' Bitcoin rebounded from the support level of 117379, fluctuating upward to 118340 but did not stabilize. In the evening, the bears pushed down to a low of 117615, stopping the decline. Ethereum surged and then retraced, reaching a high of 3608 in the morning before adjusting under bearish dominance, ultimately finding support at 3525.
From the current market perspective, the short-term moving averages show signs of flattening, with prices oscillating around a range, and no clear trend direction has formed yet. The MACD indicator shows slight fluctuations near the zero axis, with the momentum bars contracting, indicating a cautious battle between bulls and bears. If it can stabilize above 118300 subsequently, it may continue to rebound; conversely, if it breaks below the support of 117600, it could further test the strength of the previous support at 117379.
In the early morning, it is recommended to focus on low buying before the trend breaks above the previous high.
Sunday early morning strategy:
Bitcoin can be bought around 117500, targeting 118500.
Ethereum can be bought around 3520, targeting 3600.