$BTC 7.22 Tuesday afternoon Bitcoin Ethereum latest market analysis and trading suggestions:
Federal Reserve Chairman Powell will attend a regulatory meeting related to a comprehensive review of the capital framework of large banks and deliver an opening speech.
His speech is 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 cost overruns on the Federal Reserve headquarters renovation, Powell's speech remains of great interest to traders and investors.
Looking back at the morning, Bitcoin showed a clear oscillating trend, first piercing down to a low of 116156 before stopping the decline, then quickly rebounding to a current high of 118563. Ethereum moved in the opposite direction, peaking at 3798 before facing pressure and retreating, until it fell to a low of 3648 around noon. On Tuesday, after taking profits on short positions in the early morning, Bitcoin followed the expected trend and went long, gaining over 3700 space, while Ethereum took a long position in the morning and later shorted, securing over 220 points!
From the current market perspective, on the four-hour level, the MACD indicator's DIF line and DEA line are both above the zero axis, with the DIF line positioned above the DEA line, and the bullish momentum bars continuing to expand, indicating that bullish power has an advantage in the short term. However, the current RSI indicator has reached 75, entering the overbought zone, which is typically a signal that prices may correct. Additionally, the KDJ indicator has also formed a death cross in the overbought area, further suggesting that Bitcoin prices 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 mainly buying on dips.
Tuesday afternoon strategy:
Buy Bitcoin near 117000-116500, targeting 119000, and continue to look upwards if it breaks through.
Buy Ethereum near 3610, targeting 3750.
Turning off the software and wanting to sleep, closing my eyes is filled with the confidence from when I entered the market: "This time I will definitely grasp the trend." Now there’s only the internal strife from repeatedly reviewing: 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 high... It is only when dawn breaks that I realize my phone by the pillow is still lit, with the position page lingering on that most glaring negative number.
