$BTC 7.22 Tuesday Morning Bitcoin and Ethereum Latest Market Analysis and Trading Suggestions

Visionaries layout, doers harvest. Looking back at midnight, Bitcoin's market shows a clear downtrend, continuously probing down from the 119200 high, hitting a low of 116566 before stopping the decline, and currently showing a slight rebound. Ethereum's market moves in sync with Bitcoin, falling back from the 3860 high last night, stopping at a low of 3719 around midnight. Monday opened positively, with Bitcoin entering short positions in the early morning and subsequently entering long positions, capturing over 3700 points in total, and in the afternoon, continuing to enter long positions to gain another 1400 points. Ethereum entered short positions in the morning and then switched to long, capturing over 120 points, while in the afternoon it followed Bitcoin to gain 61 points!

From the current market perspective, looking at the hourly chart, the Bollinger Bands are opening downward, with prices temporarily stabilizing near the lower band. The MACD indicator shows a shortening of green bars, indicating a weakening of bearish momentum, but a clear golden cross has yet to form, and the strength of the rebound needs further observation. Be cautious of false rebound signals; if the support level is broken, it may open up further downside potential, so be wary of continued bearish trends. The morning suggestion from Qianyu is to mainly focus on low long positions after a pullback.

Tuesday Morning Strategy:

Long Bitcoin near 116500, targeting 119000, with further upward potential if broken.

Long Ethereum near 3730, targeting 3880.