7.5 Early Morning Bitcoin and Ethereum Analysis
Bitcoin dropped to 1073 in the evening before stabilizing, with downward momentum weakening and initial signs of support at lower levels. Focus on stabilizing and rebounding. The hourly BOLL is narrowing and flattening, rebounding after hitting the bottom, moving averages are turning to recover, and KDJ is showing a golden cross divergence, with bulls gathering. An effective breakout above 1082 would open up upward space.
Trading Suggestions:
Bitcoin: Stabilize and go long at 107500 - 108000, aiming for 108800 - 109500; if it breaks below 107000, take a short position.
Ethereum: Stabilize and consider light long positions at 2480 - 2500, aiming for 2550 - 2600
