7.8BTC/ETH Market Outlook:

Bitcoin currently holds 109700 short positions and Ethereum 2595 short positions, ready for long-term holding, unless Bitcoin breaks new highs. Currently, the market has rebounded for several days but is under pressure at 109700, with prices testing support levels downwards. The daily Bollinger Bands are expanding upwards, but the MACD bullish momentum is shrinking, and the KDJ has crossed downwards, making it unlikely for the market to directly reach new highs. Caution is advised for chasing high prices at these levels; the focus should be on short positions!

During the day, pay attention to the support levels below at 107300 and 106300. If these levels are broken, it will really go down to 105000, and further declines will make the bullish trend unstable, leading to further downward movement. If you want to go long during the day, participate near 107300 and 106300.

For upper resistance, pay attention to 108700, 109700, and 110400. Short positions can be initiated on rebounds at these levels; 109700 has been tested repeatedly, leading to pullbacks.

Ethereum has support at 2520 and 2475 below; if it holds here during the day, the market is likely to rebound and continue to oscillate. If these levels are broken, it will go down to 2435 and 2380. So if you want to go long, you can monitor the support levels at 2520 and 2475 to see if they can hold.

Upper resistance is at 2585, 2615, and 2640; consider entering short positions here. The market has not shown continuity recently, so avoid chasing highs and panic selling; rather, attempt shorts at resistance levels and wait for support levels when going long. Whether the market can hold these levels requires time to observe; the significance of candlesticks is not to determine life or death, but to learn from history and use it as a reference. Each trade is never random; if you don’t know why you should make a move, please do not recklessly squander your account balance!

This is a personal opinion and may not be correct; everyone should use it as a reference. If you want to buy low, keep a close eye on support levels and look for entry opportunities at smaller time frames when the market retraces, checking for signs of a stop in decline. The same goes for shorting; see if there are signs of pressure when the market rebounds, and only enter when such signals appear. Daily analyses and levels are never meant to make someone stop watching the market, simply placing orders and ignoring them, but rather to provide thought processes and references, allowing everyone to process it according to their understanding and opinions! #美国加征关税