7.4 Friday Morning Bitcoin and Ethereum Strategy

Yesterday surged above 110,000 but failed to stabilize, currently consolidating at high levels, with resistance at the top. The larger time frame box has not been broken; left-side trading can short at 110,000 resistance, if it breaks 110,500 then reverse.

On the four-hour level, under the Bollinger band box structure, reaching 110,000 results in a pullback forming a wave pattern, KDJ has a dead cross and is trending down, upper band strong pressure, 110,000 growth line short layout point, if it struggles to make a new high, first look for a pullback before moving up.

Current Operations:

Bitcoin: 110,800 - 109,800 short, target 108,300 - 107,800.

Ethereum linked to Bitcoin, encountering resistance at 2,600 - 2,620, selling pressure evident.

Can short at 2,600 - 2,620, target 2,550 - 2,500.