$BTC 7.22 Tuesday early morning Bitcoin Ethereum latest market analysis and trading suggestions

The keys to success have always favored those with foresight and vision, but the treasure trove of wealth only opens to those who sever the chains of hesitation and lay the foundation for the future with action. Looking back at Monday, Bitcoin surged again in the morning, rising to the critical resistance level of 119720 with strong momentum. Ethereum, on the other hand, showed a volatile trend of initially declining and then rising, quickly regaining upward momentum after stabilizing at the support level of 3755, and has currently broken through the previous high of 3834, also demonstrating strong performance. Monday opened with a bang, with Bitcoin entering a short position in the early morning and later switching to a long position to capture over 3700 points. In the afternoon, entering a long position again captured another 1400 points. Ethereum entered a short position in the early morning and then switched to long, capturing over 120 points, and in the evening, followed Bitcoin to capture 61 points!

From the current market perspective, the daily level is still in a range of fluctuations, with the RSI currently near the neutral axis of 50, showing no obvious overbought or oversold conditions. Coupled with narrow range consolidation, it indicates that short-term momentum is tending to converge. If it can stabilize above 119200 at midnight, it may break out of the deadlock and test the previous high pressure; conversely, if it breaks down again below the support of 117830, it may retest the strong support at 116492. The early morning suggestion is that if the trend has not broken below the previous low, the focus should be on long positions.

Tuesday early morning thoughts:

Bitcoin long around 117000-116500, target at 119500.

Ethereum long around 3730, target at 3850.