7.10 Early Morning Bitcoin and Ethereum Outlook
Yesterday, Bitcoin dipped to 108300 before quickly rebounding, with bulls controlling the market in the afternoon. In the evening, it surged to 109700 before slightly pulling back, overall still oscillating at a high level.
Ethereum's rhythm is steadier, climbing steadily, reaching 2675 in the evening, with a slight pullback at night but the structure remains intact.
Looking at the four-hour chart, the main upward trend is still ongoing, and after breaking through the trend line, it has stabilized above the upper channel, with limited pullback strength, still leaning towards a bullish outlook.
Trading Suggestions:
Bitcoin: Go long around 108500-109200, targeting 110500
Ethereum: Go long around 2620, targeting 2680
