7.2 Wednesday Morning BTC/ETH Latest Market Analysis
Yesterday, Bitcoin continued its downward trend, rebounding after reaching the key support level of 105200, with prices rising back to the 105700 area. The market trend fully validates the prediction, with the daily level showing a high-level range fluctuation pattern. Currently, the K-line has shown obvious signs of upward pressure and decline, indicating that short-term bearish forces will dominate. However, it is worth noting that the hourly level has shown oversold signals, and a technical rebound correction may occur in the short term. Therefore, trading today needs to be flexible in grasping the rhythm, and it is recommended to prioritize focusing on the rebound correction market, waiting for signs of stabilization at low levels.
Operation Suggestions:
Bitcoin: 105000-105500 watch for 106500 nearby
Ethereum: 2360-2380 watch for 2420 nearby
