$BTC 7.8 Tuesday Morning Bitcoin Ethereum Latest Market Analysis and Trading Suggestions:
The waves of the cryptocurrency world are deaf to the sighs of the losers. Professional traders are well aware that what traps investors is not the locked contracts, but the mental defenses that collapse under market shocks. When the price falls below the cost of holding, what is more terrifying than unrealized losses is the panic of forced liquidation, and the stubborn obsession of holding on. Looking back at the early morning, Bitcoin touched a low of 107540 and then rebounded, reaching a high of 108265 before entering a range-bound phase. Similarly, Ethereum retraced from 2560 to a low of 2514 during midnight, and is currently consolidating around the 2514 level.
From the current market perspective, the four-hour technical indicator MACD shows a shortening of the green momentum bars, indicating that the bearish strength has weakened at this position; the KDJ indicator formed a golden cross in the oversold area, suggesting a short-term rebound demand. The Bollinger Bands indicator shows that the price is oscillating near the middle band, which provides some support and resistance. The upper band forms a resistance level near 108800, while the lower band constitutes a support level near 107100. In the morning operations, Qianyu suggested a low long strategy, and if the rebound fails, a change of strategy is advised.
Tuesday Morning Strategy:
Buy Bitcoin around 107500, target 109500
Buy Ethereum around 2510, target 2600.