7.9 Bitcoin and Ethereum Morning Market Analysis

Midnight market initially rose and then fell, moving up from around 108000 to about 109100, then retreating to around 106000, currently oscillating around 108800, overall maintaining range fluctuations.

On the daily chart, the candlestick shows a shrinking volume with a bullish close, key levels to watch above are 109200, 110500, and 112000, while support below is at 106600, 105500, and 104000. The four-hour chart shows increasing volume, with short-term resistance at 109500 and support at 108400 and 107500. In the hourly structure, the candlestick shows shrinking volume, with support to focus on at 108500 and 107800; operations need to closely monitor the direction of the range breakout.

Trading Suggestions:

For Bitcoin, watch around 108600-108300, aiming for 109300-109600.

For Ethereum, watch around 2590-2570, aiming for 2635-2655. #BTC走势分析 $BTC $ETH