$BTC 7.22 Tuesday evening Bitcoin and Ethereum latest market analysis and trading suggestions

Wall Street holds its breath: how will Powell respond to the pressure from Washington tonight? If the new Federal Reserve leader quickly cuts interest rates as Trump prefers, it may raise inflation expectations and create global spillover effects, putting pressure on the status of U.S. Treasury bonds and the dollar as the cornerstone of global finance.

Looking back at the afternoon, Bitcoin rebounded after pulling back to a low of 117441, reaching a high of 119283. Ethereum's trend synchronized with Bitcoin, rebounding after a drop to a low of 3616, with the price rising back to around 3715. After taking profits on short positions early Tuesday morning, Bitcoin continued to trend upwards, gaining more than 3700 points, with an additional gain of over 1660 points from entering long positions in the afternoon. Ethereum initially entered long and then short, gaining over 220 points, and subsequently entered long again in the afternoon for another 100 points!

From the current market perspective, the daily level is still in a recent upward oscillation channel, with the 117000-118000 range being a previously validated support zone. This pullback has not broken the key support, and the rebound strength is strong, indicating that the bulls still have a willingness to hold. The hourly MACD indicator has formed a golden cross at a low level and is diverging upwards, with the red energy bars gradually increasing, showing that the short-term rebound momentum continues; the RSI indicator has rebounded from the oversold range to around 55, still allowing for upward movement. Care must be taken against bearish sentiment; if support levels are broken, it may open up further downward space. Tonight, Qian Yu suggests focusing on buying on dips.

Tuesday evening strategy:

Buy Bitcoin around 118500-118000, target at 121000, and continue to look up if it breaks through.

Buy Ethereum around 3670, target at 3770.

Don't be greedy when prices rise; taking profits is a skill—don't let 'wait a bit longer' turn into 'a total loss'; securing profits is what truly belongs to you; don't panic when prices fall; holding the bottom line is confidence—setting stop losses is not admitting defeat, but drawing a safety line for your understanding, avoiding the abyss of emotional trading.