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

The key to success has always favored those with foresight and deep understanding; however, the treasure of wealth is only open to those who cut through the chains of hesitation and pave the future with action. Looking back at Monday, Bitcoin surged again in the morning, reaching the key resistance level of 119720 with a strong momentum. Ethereum showed a fluctuating trend, initially declining before rising again. After stabilizing at the support level of 3755, it quickly regained its upward momentum, currently breaking through the previous high of 3834, displaying equally strong performance. Monday opened with a bang, as Bitcoin entered a short position early in the morning and then switched to a long position, capturing over 3700 points. In the afternoon, it entered a long position again, gaining another 1400 points. Ethereum, on the other hand, initially entered a short position and then switched to a long position, gaining over 120 points; in the evening, it followed Bitcoin's trend, gaining 61 points!

From the current market perspective, the daily level is still in a fluctuating range, and the RSI is currently near the neutral axis of 50, showing no obvious overbought or oversold conditions. Coupled with narrow-range consolidation, 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 pressure; conversely, if it breaks down again below the 117830 support, it may confirm a pullback to the strong support at 116492. The early morning suggestion is to remain primarily bullish unless the trend breaks below the previous low.

Tuesday early morning thoughts:

Bitcoin long around 117000-117500, aiming for 119500.

Ethereum long around 3730, aiming for 3850.