7.8 Tuesday Evening BTC/ETH Latest Market Analysis
From the 4-hour level, the market is still in a clear consolidation pattern. The candlestick formation shows typical box-like oscillation characteristics, with prices fluctuating repeatedly between the upper and lower boundaries without any effective breakout signals.
From a technical indicator perspective, the MACD continues to hover around the zero axis, with the fast and slow lines frequently crossing, intuitively reflecting that the momentum is in a relatively balanced state; the RSI indicator remains stable in the neutral range of 40-60, neither reaching the overbought area nor entering the oversold range, resonating with the price formation and collectively confirming the current market's consolidation characteristics. Therefore, as long as the price does not form an effective upward breakout above 109500, the overall bearish outlook remains unchanged. If a sudden move occurs, then look for upward momentum, targeting 110000.
Trading Suggestions:
Big Coin: 109200-108700, look for 10800 nearby.
Small Coin: 2600-2570, look for 2540 nearby.