7.1 Tuesday Morning Bitcoin and Ethereum Latest Market Analysis and Trading Suggestions:
1. Midnight Market Review: Bitcoin fluctuated narrowly in the range of 107775-106863, with intense long and short battles; Ethereum surged to 2521 before facing selling pressure and fell back, ultimately stabilizing at 2481, showing relatively active volatility characteristics.
2. Technical Deep Dive:
◦ Daily Level: The Bollinger Bands are narrowing, with small candlestick bodies, indicating balanced long and short forces, and the market has entered a consolidation phase.
◦ Key Indicator Signals: The middle band of the Bollinger Bands is flattening, MACD is sticking near the zero line, and trading volume continues to shrink, all pointing to an impending directional breakout. Investors are advised to pay attention to the effective breakout of prices above/below the Bollinger Bands as a key signal for the start of a new trend.
3. Trading Suggestions: Based on a bearish technical outlook, the following short-selling strategies are recommended:
◦ Bitcoin: It is suggested to place short positions in the range of 107500-108000, with a short-term target at 106000.
◦ Ethereum: You may attempt to short near 2510, with a target price of 2400. #Strategy增持比特币 $BTC