$BTC 7.7 Monday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Trading is not just a game of numbers; it is also a battle of wits. The market fluctuates like the tides, and both rises and falls are normal. Last night's reversal confirmed the sharpness of judgment, and this morning's pullback tests the resolve of positions. Do not waver in determination due to short-term fluctuations, and do not let external noise disturb your focus. Adhere to trading discipline, manage risk positions, and maintain strategic patience—strong psychological capital is the ultimate tool for navigating bull and bear markets! Steady the rhythm and wait patiently for the flowers to bloom. In last night's market, Bitcoin showed a rebound momentum, rising from a low of 108209 to a high of 109684 before encountering resistance, and then entering a pullback phase. Ethereum also exhibited a V-shaped reversal trend, strongly rebounding from a low of 2522, reaching a peak of 2607 before the upward trend paused.

From the 4-hour candlestick chart, the market showed significant signs of thin trading over the weekend, with prices maintaining a narrow range below the middle track. On Sunday night, the market suddenly surged with volume, forming a strong breakout trend, with prices briefly standing above the middle track, and forming a typical bullish engulfing pattern of two bullish candles wrapping one bearish candle, which may allow for a retracement to go long once again in the morning.

Bitcoin: Buy near 108500-109000, short-term target 110500

Ethereum: Buy near 2550, short-term target 2630