7.3 Thursday early morning Bitcoin and Ethereum latest market analysis and trading suggestions:
The cryptocurrency world is not a stable safe haven, but rather a battlefield filled with opportunities and risks. Behind every tug-of-war between bulls and bears lies the ambitions and struggles of countless individuals. In this smoke-free battlefield, I always hold a sense of awe, diligently studying market trends, striving for precise and thorough analysis each time. Looking back at Wednesday, after the morning dip to the key support level of 105010, a strong rebound began, peaking at 107,799 before the upward momentum slowed. During the night, the price rose all the way, currently peaking at 109662. Ethereum mirrored the trend of Bitcoin, rebounding after hitting a low of 2367, but the strength was weaker than Bitcoin, reaching a peak around 2460 before facing resistance and again rising to a high point of 2587 in the evening. Throughout the day, the analysis was once again precise.
From the current market perspective, the four-hour level is very clear. The price broke through the previous key resistance of 107800 and stabilized, opening up further upward space. The MACD formed a golden cross above the zero line and has been continuously expanding. The RSI 14 has also climbed to the 65-70 area, approaching overbought but has not yet formed a top divergence. The Bollinger Bands are opening upward, with the price running along the upper band, indicating strength. In the early morning operations, a low long strategy was suggested; do not blindly bottom-fish before the breakout, and decisively chase the trend after breaking through key resistance.
Thursday early morning strategy:
Buy Bitcoin around 108500, target at 111500.
Buy Ethereum around 2520, target to watch 2620. #BTC