7.9 Wednesday Morning Bitcoin Ethereum Market Analysis and Operations

1. Market Review:

On Tuesday evening, the Bitcoin market encountered resistance after reaching a high point of 109180, and began to retract after touching a low point of 108041. Currently, the market is rebounding again. Similarly, the Ethereum market in the evening saw prices rise to a high point of 2600 before retracting, with the market hitting a low of 2557 before starting to rebound again.

2. Operation Review:

Yang Jie’s intraday layout included two long and one short position for Bitcoin and one short position for Ethereum, all of which were successfully captured. In the morning, he seized the rebound with long positions, entering Bitcoin around 107600 and 107472, and Ethereum around 2525. Subsequently, Bitcoin was exited near 108242 and 108188, while Ethereum was exited around 2551, resulting in gains of 640 points and 700 points for Bitcoin and 26 points for Ethereum. In the evening, Bitcoin entered a short position around 109063 and exited near 108273, securing a profit of 800 points.

3. Technical Analysis

Daily Level Trend Analysis

- The high points are showing a gradual upward trend, with prices consistently operating within an ascending channel, indicating that bulls still dominate the market direction.

- In the short term, there has not been an effective breakthrough and stabilization at key resistance levels, currently in a critical battleground between bulls and bears.

- The candlestick has a long lower shadow, highlighting heavy selling pressure below, while also reflecting that bears faced strong resistance when attempting to break through.

- The moving averages show a clear bullish arrangement, further supporting the trend dominated by bulls.

Morning Operation Suggestions

- Bitcoin: Long positions near 108200-108500, targeting 110000.

- Ethereum: Long positions near 2560-2590, targeting 2665.$BTC #美国加征关税