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7-20 Weekend early morning BTC-ETH
The current market shows a flat trend in the short-term moving averages, with prices maintaining a range-bound fluctuation, and the overall trend direction is currently unclear.
The MACD indicator is fluctuating slightly near the zero axis, with the momentum bars continuously shrinking, indicating that both bulls and bears are becoming increasingly cautious, with market sentiment leaning towards a wait-and-see approach.
The subsequent trend needs to pay attention to key levels: if it can hold above 118300, the rebound is expected to continue; if it falls below the support level of 117600, it may further probe the strength of the previous support at 117379.
BTC can be positioned in the range of 1172-1176, looking up to around 1185-1195.
ETH can be positioned in the range of 3530-3550, looking up towards around 3590-3630.