$BTC 7.8 Tuesday Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations

In the afternoon, the market welcomed a wave of rebound: Bitcoin surged strongly from a low of 107400, reaching a high of 108964; Ethereum rebounded from a low of 2522. We accurately grasped this rebound opportunity, entering a long position in Bitcoin at 108100 and taking profit at 108900, successfully capturing an 800-point gain; entering long in Ethereum at 2532 and realizing profits at 2577, achieving a steady 45-point profit.

From the current 4-hour technical analysis, the market is still in a clear consolidation pattern. The candlestick formation shows typical characteristics of a box-like fluctuation, with prices oscillating repeatedly between the upper and lower boundaries, and no effective breakout signals have been formed. Both the upper resistance and the lower support levels have been tested multiple times, showing strong technical significance. The recent price fluctuation range is gradually narrowing, forming a symmetrical triangle technical pattern. The MACD indicator hovers near the zero axis, with the fast and slow lines frequently crossing, reflecting a relatively balanced state of power between bulls and bears. The RSI indicator remains in the neutral range of 40-60, neither entering overbought nor touching oversold areas, further confirming the current market's fluctuation characteristics. Until a breakout is formed above, we will maintain a bearish outlook.

Bitcoin: Short near 109000, short-term target 107000.

Ethereum: Short near 2590, short-term target 2520.