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

Don't be greedy when prices rise; taking profits is a skill—don't let "just a little longer" turn into "a wasted opportunity"; securing profits is what truly belongs to you. Don't panic when prices fall; holding the line is your confidence—setting a stop-loss isn't giving up; it's drawing a safety line for your understanding to avoid the abyss of emotion. Reviewing the afternoon, Bitcoin rebounded after dipping to a low of 117441, reaching a peak of 119283. Ethereum's trend synchronized with Bitcoin, rebounding after a dip to a low of 3616, with prices rising back to around 3715. After taking profits on short positions early Tuesday morning, Bitcoin followed the anticipated trend and went long, capturing over 3700 points, with an additional 1660 points gained in the afternoon. Ethereum also went long early in the morning and later shorted to capture over 220 points, then went long again in the afternoon, gaining another 100 points!

From the current market perspective, the daily level is still within a recent oscillating upward channel. The 117000-118000 range has been a repeatedly validated support zone. This retracement has not broken critical support, and the rebound strength is strong, indicating that bulls still have the willingness to support. The hourly MACD indicator formed a golden cross at a low level and is diverging upwards, with red energy bars gradually increasing, showing that the short-term rebound momentum is continuing; the RSI indicator has risen from the oversold zone to around 55, still having upward space. Caution is needed as bearish sentiment could break the support level and open further downward space; the evening's recommendation is to focus on long positions after dipping.

Tuesday evening strategy:

Bitcoin long near 118500-118000, targeting 121000; if broken, continue to look upwards.

Ethereum long near 3670, targeting 3770.