7.4 Friday Bitcoin Ethereum Evening Market Analysis

Yesterday, Bitcoin rebounded to a high of 110,500 before pulling back. Today, in the afternoon, it touched a low of 108,460. Ethereum moved in sync with Bitcoin, pulling back from a high of 2,635 to a low around 2,525. In the morning, Zhang Heng suggested a low long strategy, which was executed in the afternoon, waiting for the rebound strength to recover!

From the current market perspective, the four-hour MACD fast and slow lines are above the zero axis with a dead cross. The short-term pullback is slowing down, and the shrinking volume indicates a weakening selling pressure. If it remains above 108,500, the rebound structure is still valid; if it falls below, it may look towards 107,800.

Friday evening strategy:

Bitcoin: Long around 108,500, targeting 110,500.

Ethereum: Long around 2,530, targeting 2,600.