7.4 Bitcoin Daily Formation Final Breakthrough, Can It Help to Break New Highs Again?

BTC has undergone a long adjustment process since late May, and finally achieved a final breakthrough in the daily-level adjustment structure yesterday, thanks to a strong surge driven by last night's news, especially led by ETH in a significant rise. Regarding the current Bitcoin high point of 109,000, the subsequent high point could reach a new high. The resistance level for BTC is at 113,500, with a maximum target of 120,000. The final breakthrough situation still requires attention to the daily closing to ensure it closes at a high point.

ETH's overall trend saw a significant surge influenced by last night's news, but from a daily perspective, it still hasn't formed a final high point breakthrough. The focus should remain on Ethereum near the important resistance level of 2,685. Until a final breakthrough is formed, Ethereum should remain cautious. In the short term, attention should be on the important resistance level of 2,685 above and the support level of 2,545 below, waiting for a pullback to better align with the current trend.

Operation Suggestions:

Bitcoin 108,000-108,500 Long, Target 111,000-113,500. Stop Loss 107,000

Ethereum 2,520-2,550 Long, Target 2,700-2,850. Stop Loss 2,480