$BTC 7.6 Sunday morning Bitcoin Ethereum latest market analysis and ideas

The daily price has been oscillating around 108000 recently. After a significant drop, there has been a slight rebound, but the strength is clearly insufficient. The MACD is still in a death cross state, and the overall pattern is bearish. On the hourly level: it is currently showing 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 DIF and DEA have crossed below the zero axis, indicating a significant bearish trend; however, the green bars are shortening, showing that downward momentum has weakened.

Comprehensive technical indicators show that the current market is dominated by bears, with a medium-term downward trend. Although there are signs of weakening downward momentum in the short term, the rebound lacks strength, and there is significant resistance above. For short-term operations, Qianyu suggests focusing on shorting during rebounds.