$BTC 7.7 Monday morning Bitcoin and Ethereum latest market analysis and trading suggestions:
Reviewing the early morning, Bitcoin touched a low of 108276 before rebounding, reaching a high of 109700, currently around 109100. Ethereum mirrored Bitcoin, starting to rebound from a low of 2524, reaching a high of 2605, currently around 2570. In the early morning, we successfully captured both long and short positions for Bitcoin, gaining 1800 points, while Ethereum welcomed Monday's opening with nearly 70 points of space.
From the current market perspective, the four-hour MACD indicator's dual lines are running above the zero axis, with green bars rapidly shortening and about to turn red, indicating that bullish momentum is strengthening, and there may be further upward momentum in the short term.
RSI indicator: the current value has rebounded from the oversold area near a low of 30 to 55, in a neutral to strong range, indicating that market sentiment has shifted to a wait-and-see approach. A breakthrough above 60 will confirm bullish dominance. In the morning operation, we suggested a low long strategy; if the rebound fails, we can change our approach.
Monday morning strategy:
Buy Bitcoin near 108000-108500, targeting 110000.
Buy Ethereum near 2540, targeting 2620.