$BTC 7.22 Tuesday afternoon Bitcoin and Ethereum latest market analysis and trading suggestions:
Federal Reserve Chairman Powell will attend a regulatory meeting related to the comprehensive review of large banks' capital frameworks and deliver an opening speech.
His remarks are expected to focus on regulatory topics such as the final Basel III framework, stress tests, capital surcharges for large banks, and leverage requirements. However, due to recent pressure from Trump and Republican lawmakers regarding the Federal Reserve's headquarters renovation overruns, his speech is still widely watched by traders and investors.
Looking back at this morning, Bitcoin displayed a clear volatile trend, first piercing down to a low of 116156 before stopping its decline, then quickly rebounding to a current high of 118563. Ethereum moved in the opposite direction, climbing to a high of 3798 before facing pressure and falling back, finally stopping at a low of 3648 by midday. On Tuesday morning, after taking profits on short positions, Bitcoin followed the expected trend and went long, capturing over 3700 points, while Ethereum initially went long and later short, capturing over 220 points!
From the current market perspective, on the four-hour level, both the MACD indicator's DIF line and DEA line are above the zero axis, with the DIF line above the DEA line, indicating that bullish momentum is increasing in the short term. However, the current RSI indicator has reached 75, entering the overbought zone, which is usually a signal that a price correction may occur. Additionally, the KDJ indicator has also formed a death cross in the overbought area, further suggesting that Bitcoin's price may face adjustments in the short term. If it breaks below the support level, it may open up further downward space, and caution against bearish sentiment is advised. In the afternoon, Qianyu suggests focusing on low long positions.
Tuesday afternoon strategy:
Buy Bitcoin around 117000-116500, targeting 119000, and continue upward if broken.
Buy Ethereum around 3610, targeting 3750.
Turning off the software to sleep, closing my eyes filled with the confidence from the entry: "This time I can definitely grasp the trend." Now only the repeated internal struggle remains: If only I had taken profits in the morning, if only I hadn't touched that contract, if only I had listened to the advice not to chase highs... When dawn arrives, I realize that the phone by my pillow is still on, the position page lingering on that glaring negative number.
