$BTC 7.3 Morning Bitcoin Market Analysis $BTC

From the market perspective, Bitcoin's 4-hour chart shows a clear bullish pattern: the candlestick chart has consecutively recorded six bullish candles, strongly breaking through the middle Bollinger Band resistance level, establishing a short-term upward trend; as the price rises, trading volume has significantly increased, indicating high market participation enthusiasm, providing momentum support for the continuation of the upward trend. On the indicator front, the MACD green momentum bars continue to expand, with the dual lines forming a golden cross above the zero axis and maintaining upward divergence, further confirming the dominance of the bulls. However, it is worth noting that the RSI indicator has reached the overbought zone, suggesting that short-term market sentiment is overheated, and caution is needed for potential technical pullback risks. In the morning, it is suggested to wait for the price to stabilize after a pullback before choosing to lay out long positions.

Bitcoin 108600-108300 watching for 110500

Ethereum 2540-2520 watching for 2600