7.8 Bitcoin and Ethereum Morning Market Analysis

The current chart shows that after a downward test, the market has returned to the vicinity of the 108,000 level for consolidation. Although the support below appears strong, the upward momentum is not exhausted. On the four-hour level, the Bollinger Bands are gradually narrowing, with the market experiencing four consecutive bearish candles breaking through the middle line and testing the lower line. The volume-price relationship highlights the strong upward momentum, and there is still considerable downward space below. Relying on high-level sugar returns to layout single positions, seize the opportunity for upward continuation.

Trading Suggestions:

Bitcoin 108,500-108,800 long, targeting 107,000.

Ethereum 2,560-2,580 long, targeting 2,480.#BTC走势分析 $BTC $ETH