$BTC 7.7 Monday Afternoon Bitcoin and Ethereum Latest Market Analysis and Trading Suggestions:
The drastic fluctuations in the market are like cannon fire on the battlefield; some are shaken and flee, while others can identify the enemy's flaws amidst the smoke. Looking back at the morning, the Bitcoin market on Monday morning presented a pattern of oscillation within a range, with Bitcoin rising from a low of 108622 to a high of 109667 before facing pressure and retreating back to around 108600. Ethereum mirrored Bitcoin, consistently oscillating between a low of 2550 and a high of 2590. In the morning, Bitcoin gained a space of 1000, while Ethereum gained a space of 77 points.
From the current market perspective, on the daily level, Bitcoin has been oscillating at a high level recently. Although it has attempted to rise multiple times, it has not been able to effectively break through the previous high, indicating significant pressure above. However, the range of 108000 - 108500 has formed a certain level of support; as long as this support level holds, bulls still have the opportunity to initiate another attack. In the afternoon, the operation from Qianyu suggested a low buy strategy, and if the rebound fails, a change in strategy is recommended.
Monday Afternoon Strategy:
Buy Bitcoin near 108500, target 110000.
Buy Ethereum near 2540, target 2640.