$BTC 7.20 Sunday morning Bitcoin and Ethereum latest market analysis and trading suggestions:

In the cryptocurrency circle, what you need is not followers, but like-minded companions who also 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 the price down to a low of 117615, where it found support. Ethereum rose and then fell back, reaching a high of 3608 in the morning before adjusting, with the bears dominating and driving it down, ultimately gaining support at the 3525 level. On Saturday, Qianyu provided a high short and low long strategy to students, achieving over 1300 points on Bitcoin and 94 points on Ethereum.

From the current market perspective, the short-term moving averages show signs of flattening, with prices fluctuating around a range, and no clear trend direction has formed. The MACD indicator is slightly fluctuating near the zero axis, with the momentum bars shrinking, indicating a cautious tug-of-war between bulls and bears. If it can stabilize above 118300, it may continue to rebound; conversely, if it falls below the 117600 support level, it may further test the strength of the previous support at 117379.

In the early morning, Qianyu suggests focusing on low absorption in shorts until the trend breaks through the previous high.

Sunday morning thoughts:

Bitcoin can be bought near 117500, targeting 118500.

Ethereum can be bought near 3520, targeting 3600.