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

The key to success has always favored those with profound foresight; however, the treasure trove of wealth only opens to those who break the chains of hesitation and pave the future with action. Looking back at Monday, Bitcoin surged again in the morning, climbing to the critical resistance level of 119720, with a strong momentum. Ethereum exhibited a fluctuant trend, initially declining before rising. After stabilizing at the support level of 3755, it quickly regained its upward momentum, currently surpassing the previous high of 3834, showing strong performance as well. Monday started positively, with Bitcoin entering short positions in the early morning and then switching to long positions, securing over 3700 points. In the afternoon, entering long positions again gained over 1400 points. Ethereum initially entered short positions but then switched to long positions, gaining over 120 points, and in the evening, it similarly gained 61 points alongside Bitcoin!

From the current market perspective, the daily level is still in a fluctuation range, with the RSI currently near the neutral axis of 50, showing no significant overbought or oversold conditions, combined with a narrow consolidation range, indicating that short-term momentum is converging. If it can stay above 119200 at midnight, it may break the stalemate and test the previous high resistance; conversely, if it breaks down below the support of 117830 again, it may confirm a pullback towards the strong support at 116492. The suggestion for early morning is to primarily focus on long positions unless the trend breaks the previous low.

Tuesday Early Morning Thoughts:

Bitcoin long positions near 117000/117500, target at 119500.

Ethereum long positions near 3730, target at 3850.