$BTC 7.6 Sunday Early Morning Bitcoin Ethereum Latest Market Analysis and Insights

The allure of the cryptocurrency world lies precisely in its unpredictability and the infinite possibilities it holds. Every market adjustment may quietly lay the groundwork for future opportunities. Recently, the daily price level has been oscillating around 108,000. Despite a slight rebound after a significant decline, the strength is clearly insufficient, and the MACD remains in a death cross state, indicating an overall bearish pattern. On the hourly chart: it currently shows a high-level pullback, with the closing price gradually approaching the previous low area, which may test the support below in the short term. The MACD hourly line's DIF and DEA have crossed below the zero axis, indicating a significant bearish trend; however, the green bars are shortening, showing a weakening of downward momentum.

The Qianyu comprehensive technical indicators indicate that the current market is dominated by bears, with a mid-term downward trend. Although there are signs of weakening downward momentum in the short term, any rebounds lack strength and there is clear resistance above. For short-term trading, Qianyu recommends focusing on shorting during rebounds.