$BTC 7.9 Wednesday Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations

There is always the deepest accumulation before dawn; patience is the sharpest weapon for traders. The current market is in a sideways fluctuation, which is both a challenge and an opportunity. Within this delicate narrow range of fluctuations lies the power accumulated by the market and the key to the next wave. Respect the market, adhere to discipline, and let time become an ally in verifying strategies and judgments. When the market shows a state of accumulation, staying calm and sticking to the plan is the best posture to embrace future opportunities! At midnight, the market presented a sideways consolidation pattern, with Bitcoin's price fluctuating within a narrow range, showing obvious signs of readiness; Ethereum also maintains a fluctuating pattern, with prices hovering around 2610, currently in a phase of technical adjustment.

The daily candlestick chart shows a small bullish star candlestick, indicating a narrow fluctuation pattern for Bitcoin. From a technical perspective, the price fluctuation range has clearly narrowed, with the upper side constrained by key resistance levels while the lower side relies on the midline of the Bollinger Bands on the 4-hour chart for solid support. This converging triangular consolidation pattern suggests that the market is accumulating breakthrough momentum. As the fluctuation range continues to narrow, the distance between the upper and lower bands of the 4-hour Bollinger Bands has been compressed to recent lows. The current market is thinly traded, with volume continuously shrinking; this typical accumulation pattern often indicates a potential large-scale breakthrough in the future. There still exists a significant resistance zone above, and we maintain a bearish outlook.

Bitcoin: Short near 109000-109300, short-term target 107000

Ethereum: Short near 2625, short-term target 2550