$BTC 7.10 Thursday Morning Bitcoin Ethereum Market Analysis and Operations

Contracts are a game for the brave, and a battlefield for the wise. Every precise prediction is a deep grasp of the market's pulse; every calm position is a perfect control over greed and fear. In the early morning market review, driven by strong positive news, the Bitcoin market welcomed a strong upward trend, with Bitcoin launching a one-sided surge from around 109000, breaking through the historical high, reaching a peak of 112036; Ethereum also rose simultaneously, peaking at 2795. We accurately captured this trend, entering a long position in Bitcoin around 109400 and perfectly taking profit at 111400, successfully gaining 2000 points; in Ethereum, we entered at 2674 and took profit at 2777, gaining 103 points. This operation fully demonstrated our keen market intuition and precise timing in entering and exiting.

From the current daily chart analysis, after experiencing a period of sideways consolidation, the market finally welcomed a breakthrough, setting a new historical high. However, it is worth noting that after reaching the new high, the price quickly retreated, and the subsequent trend is likely to either undergo a technical correction or enter a consolidation phase to exchange time for space. Observing the current new high point closely, we find that it has not shown a significant increase compared to the previous high, indicating that the bullish momentum is actually not as strong as the market expected. Considering various technical indicators and market performance, Brother Xiao believes that a technical correction is more likely to occur in the short term to complete the necessary price adjustment. We maintain a bearish outlook this morning, but we should not be stubborn; without opportunities, we should not go against the trend to enter the market.

Bitcoin: Can short around 111500, short-term target 110000

Ethereum: Can short around 2790, short-term target 2700