$BTC 7.23 Wednesday early morning Bitcoin and Ethereum latest market analysis and operational advice

The market never shows mercy to those who charge blindly; choosing the right direction is far more crucial than clumsily pushing forward. If you are still operating based on your feelings without a clear logic for buying long or short, it might be a good idea to talk to Qianyu. At least it can help you clarify the current trend, so you know when to enter and exit — certainly better than charging in with your eyes closed. By avoiding some detours, you can walk more steadily and farther in the cryptocurrency circle. Looking back at the evening, Bitcoin showed an initial rise followed by a decline, facing pressure when it approached a high point near 119675, and then quickly fell back until it hit a low point of 117620 before rebounding. Currently, the market is warming up again, oscillating around 119500. Ethereum mirrored Bitcoin's evening trend, first falling to a low point of 3630 where it found support, and then starting a rebound, reaching a high of around 3750 so far. Every day, Qianyu shares insights in advance; on Tuesday, there were three long positions and two short positions taken during the day, totaling over 8400 in space, while Ethereum had three long positions and one short position, totaling 434 in space!

From the current market perspective, after Bitcoin's evening 'surge followed by a decline - bottom rebound', it is currently oscillating around 119500, showing an overall 'V-shaped recovery' characteristic. The daily level is still in the red bar contraction phase, indicating that the upward momentum has slowed down in the medium term; however, the hourly MACD green bars have turned red, and the fast line has crossed above the slow line, showing short-term rebound signals. This early morning, we need to pay attention to whether the energy bars can continue to expand. We must guard against bearish sentiment; if it breaks below the support level, it may open up further downward space. Early morning, Qianyu suggests focusing on low long positions on pullbacks.

Wednesday early morning strategy:

Buy Bitcoin near 118300, target at 121000.

Buy Ethereum near 3670, target at 3780.