Evening Market Analysis on 7.4

The market teaches us the deepest philosophy: price fluctuations are merely the breath of wealth, and bull and bear markets are just two expressions of time. True practitioners in the cryptocurrency world understand that those plummets that keep you awake at night will eventually become topics of conversation during future celebrations; those surges that make you ecstatic are just the inevitable result of realizing your understanding. In the afternoon, Bitcoin's market stopped its decline after reaching a low point of 108,456, and then began to rebound, eventually peaking at 109,071 in the evening market. The altcoin also saw a similar pattern in the afternoon, with prices declining to a low of 2,525 before rebounding, and then fluctuating around 2,550 after reaching a high of 2,558.

Currently, the market continues a weak downward trend. As of now, Bitcoin is hovering around the central point of 109,000 with narrow fluctuations. Based on the current consolidation trend, it is recommended that evening trading strategies focus on high selling and low buying, with an emphasis on seizing short-selling opportunities at high levels, and operating flexibly within the fluctuating range. The key resistance level above Bitcoin is at 111,000, while the short-term support level below is at 108,456. For the altcoin, key resistance to monitor is at 2,558 and key support at 2,525. Investors can reasonably plan their positions and trading points based on these support and resistance levels.

Trading Suggestions

Bitcoin Strategy: Buy around 108,500, Target: around 110,300 Altcoin Strategy: Buy around 2,520, Target: around 2,630

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