7.10 Morning Bitcoin and Ethereum Market Analysis!
Don't be swayed by short-term fluctuations, because the ups and downs in the cryptocurrency circle are like the waves of life; there are no eternal lows and no eternal highs. The rise and fall of the market is the norm, and what we need to do is to remain calm amidst this unpredictability and stick to our judgment. Just like waiting for dawn in the darkness, as long as our faith does not extinguish, the light will eventually come. In the early morning, the price surged after the Federal Reserve's parliamentary speech, initially rising to the 110,000 mark, and effectively defending both long and short positions, with a tug-of-war at the 109,500 line. However, after failing to hold on, it surged northward until it reached the 112,000 mark, where the upward momentum finally halted, and it is now gradually under pressure and retreating for adjustment. The second cryptocurrency also surged in sync with Bitcoin to the 2800 mark but did not make an effective breakthrough.
Currently, Bitcoin's price has already broken through the historical highest point, reaching the 112,000 position. To be honest, at this juncture, I really can't believe anyone would dare to follow in and go long. Given the circumstances, it is better to firmly choose to short rather than risk being trapped at a high position by blindly chasing the rise. Following in to go long at a high may likely put oneself on the edge of a dangerous cliff, while going short is at least a rational response to the current risks.
Operation Suggestions: Bitcoin Strategy: Short near 111,500, target: around 109,800. Second Cryptocurrency Strategy: Short near 2780, target: around 2700.
