7.2 Bitcoin/Ethereum Market Analysis and Strategy Reference

Bitcoin has formed key resistance levels at 106000, 106500, and 107500 during the day, and it is recommended to consider establishing short positions at these levels. For traders who already hold short positions, they can take advantage of price rebound opportunities to gradually add to their positions. The current market is strongly suppressed by a descending trend line, and as long as this resistance is not effectively broken, the downtrend remains clear. The short-term target price levels can be set at 104000, 103500, and 102000, while from a medium-term perspective, the price level of 970000 is a worthy bearish target.

The Ethereum market is also not optimistic, as the price has fallen below the key support level of 2380, indicating that further downside potential is opening up. The level of 2520 has become a critical dividing line for bulls and bears; as long as the price cannot effectively break through this level, short-selling strategies will continue to dominate the market. From a technical perspective, the middle line of the daily chart is forming strong resistance, and both the upper and middle lines are trending downward; on the four-hour chart, the price has frequently fallen below the lower support line, indicating overall weak performance. It is recommended to consider establishing short positions near resistance levels of 2420, 2470, and 2520, with short-term target price levels of 2380, 2300, and around 2200.

Given the current market's extreme fluctuations, it is essential for everyone to strictly control their positions, use leverage cautiously, and manage risks effectively to deal with market uncertainties. #美股代币化 $BTC