7.2 Wednesday Evening Market Analysis:
During the day, Bitcoin continued to dip to around 105,000 in the morning before rebounding and increasing to around 107,700.
Ethereum dipped to around 2,375 during the day before rebounding and rising to around 2,455.
From the weekly K structure perspective, Bitcoin opened around 108,300, and last week closed with a large bullish candlestick. Currently, the volume is decreasing with a long lower shadow bearish candlestick. The upper resistance is around 116,000, and the lower support is around 95,000. From the daily K perspective, the volume is increasing with a bullish trend. The upper resistance is around 109,200, and the lower support is around 105,600. From the four-hour structure perspective, Bitcoin's volume is decreasing and forming a breakout. The upper resistance is around 108,800, and the lower support is around 107,100. From the hourly structure perspective, the volume is continuously increasing and running above the upper band.
Evening Operation Suggestions:
For Bitcoin, if it retraces to around 107,100-106,600, look towards 108,300-108,800.
For Ethereum, if it retraces to around 2,430-2,410, look towards 2,475-2,500.
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