7.2 Midday Bitcoin Strategy Analysis

The morning market has basically concluded, with Bitcoin dipping to the 105,000 line before rebounding. In the short term, it will test the resistance at the middle line on the hourly chart. The positions established during the morning rebound have been secured!

In the current market structure, the daily candlestick has closed with two consecutive bearish days, rebounding after breaking below the middle line. Although bullish momentum was once strong, with the decrease in trading volume, bearish forces have begun to counterattack. However, the appearance of a moving average turning point suggests that the bulls still hold an advantage.

On the four-hour chart, the price remains in a downward trend, having found strong support near 104,500 after breaking the middle line. This position will also become the dividing line between bulls and bears in the short term; once breached, it may lead to increased pressure in the areas of previous buying density and greater bearish liquidation pressure. After a short-term rebound, the bears are about to strike!

Bitcoin recommendation: rebound at 106,500-107,000🈳 target 104,000 “break at 103,000”

Ethereum recommendation: rebound at 2,450-2,470🈳 target 2,380 “break at 2,350”

Finally, here's a piece of advice for all investors: the market is like a chess game, and the mindset determines the outcome. May everyone remain clear-headed amidst the ups and downs and reap their share of wealth. #特朗普马斯克分歧 #加密市场回调 #Strategy增持比特币 #币安Alpha上新 #美国加征关税 $BTC $ETH $XRP