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

Visionaries layout, actors harvest. Looking back at midnight, Bitcoin's market showed a clear downward trend, continuously probing down from the high point of 119200, touching a low point of 116566 before stopping the decline, and currently showing a slight rebound. Ethereum's market synchronized with Bitcoin, falling back from a high point of 3860 last night, stopping at a low point of 3719 by midnight. Monday opened with a good start, Bitcoin shorted in the early morning and then took the opportunity to go long, achieving over 3700 points, and in the afternoon, continued to go long to gain another 1400 points. Ethereum went short in the early morning and then took the opportunity to go long, achieving over 120 points, and in the afternoon, synchronized with Bitcoin to gain 61 points!

From the current market perspective, looking at the hourly chart, the Bollinger Bands are opening downwards, and the price is temporarily stabilizing near the lower track. The MACD indicator shows a shortening of green bars, indicating a weakening of bearish momentum, but a clear golden cross has not yet formed, and the strength of the rebound needs further observation. Be cautious of false rebound signals; if it breaks below the support level, it may open up further downward space, and one needs to guard against continued bearishness. This morning, Qianyu suggests focusing on low buys on pullbacks.

Tuesday Morning Thoughts:

Bitcoin long near 116500, target looking at 119000, break through and continue upwards.

Ethereum long near 3730, target looking at 3880.