$BTC 7.22 Tuesday Early Morning Bitcoin Ethereum Latest Market Real-Time Analysis and Operation Suggestions

The key to success has always favored those with foresight and vision, but the treasury of wealth only opens to those who cut the chains of hesitation and build the future with action. Looking back at Monday, Bitcoin surged again in the morning, reaching a critical resistance level of 119720, displaying a strong offensive. Ethereum showed a volatile trend of initial suppression followed by a rise, quickly regaining upward momentum after rebounding from the support level of 3755. It has currently broken through the previous high of 3834 and is also performing strongly. Monday opened positively, with Bitcoin entering a short position in the early morning and then switching to long, capturing over 3700 points. In the afternoon, it entered long again, gaining another 1400 points. Ethereum initially entered short in the morning and then switched to long, capturing over 120 points, followed by a gain of 61 points in the evening, mirroring Bitcoin's momentum!

From the current market perspective, the daily level remains in a consolidation range, with the RSI currently near the neutral axis of 50, showing no significant overbought or oversold conditions. Coupled with narrow range sorting, this indicates that short-term momentum is converging. If it can stabilize above 119200 at midnight, it may break the deadlock and test the previous high resistance; Conversely, if it breaks down again below the support of 117830, it may rebound and confirm strong support at 116492. The early morning suggestion is to primarily focus on longs as the trend has not broken the previous low.

Tuesday Early Morning Thoughts:

Bitcoin Long near 117000-116500, target at 119500.

Ethereum Long near 3730, target at 3850.