7.9 Wednesday Early Morning BTC/ETH Latest Market Analysis
From the 4-hour level, the market continues to maintain a consolidation near the mid-track. Prices repeatedly test between the upper and lower tracks, forming a range-bound market. The price has attempted multiple times to break through the upper resistance level but has repeatedly faced obstacles, resulting in weak breakouts. During the pullback process, the price has also failed to form an effective breakout; whenever it touches the lower support level, it tends to bounce back. This tug-of-war movement indicates that, in the absence of significant fundamentals, the market is temporarily difficult to form a one-sided trend. Therefore, the early morning strategy continues to favor high-level positions without blindly chasing.
Trading Suggestions:
Big Coin: 109200-108700 focus on around 10800
Small Coin: 2620-2600 focus on around 2560
