$BTC 7.21 Real-time analysis and operation suggestions of the latest Bitcoin and Ethereum market in the early morning of Monday:

Some people panicked and lost their footing during the ups and downs of the currency price; others were determined to capture the hidden opportunities in the fluctuations. On the weekend night, the Bitcoin market first retreated slightly to a low of 117796, and then ushered in a strong rebound. The price reached a high of 118904 near midnight; Ethereum continued its upward trend in the afternoon, and the price rose all the way to a high of 3794 in the evening.

From the current market, the hourly MACD indicator formed a golden cross below the zero axis and extended upward, and the red energy column gradually enlarged, indicating that the short-term rebound momentum continued to be released; the RSI indicator rebounded from the oversold range to around 55, and has not yet entered the overbought area, and there is still room for upward movement. The overall situation is still in the recent oscillating upward channel. The strength of the rapid rebound after the retracement verifies the effectiveness of the support below. If it can stand firm at 119000, it may further impact the 120000 integer mark. In the early morning, Qianyu suggested buying high and buying low before the trend is broken.

Thoughts on Monday morning:

Bitcoin can be bought around 118000-107800, with a target of 119500-120000

Ethereum can be bought around 3750, with a target of 3850-3900.