7.10 Bitcoin and Ethereum Morning Market Analysis
Bitcoin's technical indicators are sending warning signals, with hourly and two-hour level highs already reached. If the upward momentum fails to continue, the pressure for a pullback will rapidly increase. Currently, caution is needed regarding excessive chasing of prices.
If the hourly line continues to break through, it is crucial to strictly monitor the four-hour level key position of 114341. If this level is lost, the rebound trend that started from 73000 may come to a complete end.
Although MACD is still in the warning zone, the divergence between DIF and price has excessively widened, making the risk of a top divergence increasingly apparent. The short-term moving average divergence rate has broken the threshold, indicating a strong demand for technical correction and rising expectations for a pullback.
Operational Suggestions:
Bitcoin 111900-112400 range short, target looking at 108500-109000 range.
Ethereum 2800-2820 range short, target looking at 2690-2710 range. #BTC走势分析 $BTC $ETH