7.1 Bitcoin and Ethereum Market Analysis and Trading Strategies

Opening Reminder: A new trading month begins, and the market is unpredictable. If you lack operational ideas, feel free to contact Yang Jie for daily real-time market analysis and precise trading plans.

1. Market Review

Bitcoin exhibited strong support resilience last night, with prices consistently oscillating around the 107,000 level. Although it briefly fell below this support, it quickly rebounded, highlighting the key defensive role of the 107,000 area. In contrast, Ethereum's movement was more active, starting a one-sided upward trend from a low of 2,431, with bullish momentum continuing. After reaching a high of 2,521 in the early morning, it encountered resistance and fell back, presenting a complete wave of “rally - pullback.”

2. Technical Deep Dive

1. Daily Level:

The candlestick has been trapped in a stagnant oscillation, with both bulls and bears repeatedly contesting key points, presenting an overall box oscillation pattern. It closed lower yesterday with a bearish candle, quickly coming under pressure after touching the upper Bollinger Band, clearly showing strong selling pressure above, making blind chasing of rallies risky.

2. Four-Hour Level:

The middle track line has been effectively broken, disrupting the original oscillation balance structure, with bearish forces beginning to dominate. As the middle track is lost, the short-term market tends to oscillate downward, and it is recommended to focus on high short strategies.

3. Trading Strategies

- Bitcoin:

Aggressive traders can take light short positions in the 107,500-108,000 range, setting a stop loss at 108,500, with a target looking down at 107,000, and if broken, further targeting 106,000.

- Ethereum:

It is suggested to enter short positions in batches in the 2,490-2,520 range, with a stop loss set at 2,550, and a target of 2,450, extending to 2,430 if support is broken.

4. Risk Reminder and Benefits

Market volatility changes rapidly, and it is essential to strictly set stop-losses to avoid emotional trading. If you are confused about trend judgments or facing difficulties with short-term operations, feel free to join the professional guidance team for one-on-one teaching support to help you grasp profit opportunities and achieve steady trading!