$BTC 7.9 Wednesday Early Morning Bitcoin and Ethereum Latest Market Analysis and Insights

When the same opportunities are presented, some can sense the breath of crisis in the fog, while others can penetrate through layers of uncertainty to glimpse the faint light of wealth. In the evening, Bitcoin peaked at 109180 but encountered resistance, subsequently pulling back to a low of 108041 before stabilizing; it is currently steadily rebounding to recover lost ground. Ethereum is showing a similar pattern, rising to a high of 2600 before retreating to a low of 2557, and then also starting to rebound. In the evening, Qian Yu once again provided a low buy strategy, suggesting to take a long position after Bitcoin's pullback to gain over 900 points of space, while Ethereum also gained 62 points of space in the evening.

From the current market perspective, the 4-hour MACD’s red bars have shortened and slightly expanded after a small increase; the fast line and slow line formed a death cross at a high level and have since flattened, indicating that bullish momentum is temporarily consolidating but has not completely weakened. The RSI, after touching the overbought zone, has pulled back and is currently rebounding to the 55-60 range, with no obvious overbought signals, indicating mild short-term rebound momentum. In the early morning, Qian Yu suggests treating positions as low buys and high sells until the previous high is broken.

Wednesday Early Morning Trading Suggestions:

Buy Bitcoin around 108500-108000, targeting 110000.

Buy Ethereum around 2550, targeting 2680.

For conservative traders, it is suggested to wait and see temporarily, entering the market only after the market clearly defines its direction, while strictly setting stop losses and managing positions to guard against sudden market risks.