7.12 Bitcoin Ethereum market analysis and trading suggestions

Looking back at the current market trend, the surge on the third day is probably unstoppable. The current Bitcoin is gradually trending upwards, suggesting to go long at the current price. Tonight, the Bitcoin price of 120,000 may be hard to resist. The bears need to put in more effort, as the 120,000 point is critical. The mining fields are likely to start dumping, it just depends on how much they sell. As long as the price stands above 120,000, the selling pressure will definitely come. The support below Bitcoin can be seen at 115,000. If it breaks below this level, a small-scale correction will begin. The support target below is between 111,400 and 112,000. As long as it doesn't fall below 114,800 on the hourly level, the bullish outlook can still be maintained.

Bitcoin: Long at 116600, target: around 119000, Ether: Long at 2935, target: around 3000