7.6 Sunday Afternoon BTC/ETH Market Analysis
📍 Reviewing Yesterday's Analysis: Bitcoin and Ethereum saw multiple setups yesterday. The market fluctuated throughout the day 📉, and the overall space is still relatively large. Currently, the market has rebounded somewhat, but the overall strength is relatively small, and the trend has not yet reversed. Focus on trend segments as the main strategy.
📍 Looking at the 4-hour chart, the market hit a high and then pulled back, forming a clear 'long upper shadow' and consecutive bearish candles, indicating heavy selling pressure above. Currently, on the daily chart, the market is in a consolidation phase. From a technical indicator perspective in the 4-hour cycle, both DIF and DEA averages are gradually declining, and the histogram is in negative territory, indicating that short-term bearish momentum is dominant, but the downward momentum is weakening. In terms of daily moving averages, the moving averages are currently dispersed, with the market hovering near the 7-day and 10-day moving averages, looking to see if it can stabilize over the weekend.
Operation Suggestions:
BTC near 108300-108800
Target near 107200-107000
ETH near 2525-2550
Target near 2480-2460
