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

The key to success has always favored those with profound foresight, while the treasure trove 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 a high of 119720 at this key resistance level, showcasing a strong offensive. Ethereum exhibited a pattern of initial decline followed by a rise, quickly regaining upward momentum after stabilizing at the support level of 3755, and has now broken through the previous high of 3834, showing similarly strong performance. Monday opened with a bang; Bitcoin entered a short position in the early morning and switched to a long position, capturing over 3700 points. In the afternoon, it entered another long position, securing an additional 1400 points. Ethereum initially took a short position in the morning but later switched to a long position, gaining over 120 points, and in the evening, it followed Bitcoin's trend to gain 61 points!

From the current market perspective, the daily level is still in a consolidation range, 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 converging. If it can stabilize above 119200 at midnight, it may break the deadlock and test the previous high resistance; conversely, if it breaks below the support at 117830 again, it may retrace to confirm strong support at 116492. The early morning suggestion is to focus on long positions as long as the trend has not broken the previous low.

Tuesday early morning strategy:

Bitcoin buy near 117000-116500, target at 119500.

Ethereum buy near 3730, target at 3850.