7.4 Friday early morning Bitcoin and Ethereum latest market real-time analysis and trading suggestions:
Reviewing Thursday's intraday performance, Bitcoin dipped to 108480 in the morning, then began to rebound, reaching a peak of 110265 in the afternoon before the upward momentum slowed. During the night, it continued to rise, currently peaking at around 110499, with a pullback near 109500. Ethereum mirrored Bitcoin's movements, rebounding after hitting a low of 22556 in the morning, peaking around 2603 in the afternoon before facing resistance, and later surged again to a peak of around 2633 at night. Currently, it is pulling back near 2570, with Qianyu once again providing precise strategies, guiding students to continue capturing opportunities.
From the current market perspective, the four-hour level shows a double line flattening, with red momentum bars expanding again, indicating a short-term exhaustion of bullish momentum. The RSI has fallen from the overbought zone of 71 to 58, releasing the demand for technical correction. If it breaks below 50, it will accelerate the pullback. The Bollinger Bands show the price has dropped below the middle line; if it closes below this line in the early morning, it may seek support at the lower band. In the early morning operation, Qianyu provided a high short strategy; do not blindly bottom-fish before breaking positions, and decisively chase the trend after breaking key resistance.
Friday early morning strategy:
Short Bitcoin around 110500, targeting 108500.
Short Ethereum around 2600, targeting 2530.#BTC