7.10 Afternoon Bitcoin and Ethereum Latest Market Analysis!
In this ever-changing field, the only constant is the pursuit of knowledge and the adherence to beliefs. Continuously improving one's understanding allows one to not only drift with the waves in the crypto world but also to become the helmsman who steers the waves. Viewing gains and losses with a calm mindset and planning for the future with a long-term perspective, you will find that what the crypto world gives you will far exceed your imagination. The strategy of consistent success in this wave of market was also perfectly validated, with Bitcoin breaking through $110,000 to create a new high, and Ethereum not to be outdone, continuously expanding. This wave of market gradually awakened yesterday afternoon, with Bitcoin rising from around 108,500 all the way up to break the new high, while Ethereum, not to be outdone, broke through from the 2,590 line close to 2,800. Consistent success also timely led students to keep up, successfully capturing a space of 3,268 points for Bitcoin and 111 points for Ethereum.
According to the current market situation, the four-hour level shows that after a big bullish stretch, two bearish candles appeared for a correction, with the price also retreating below the upper Bollinger Band. The KDJ indicator's three lines have turned down from a high position and are gradually converging, forming a dead cross. Overall market sentiment is shifting from strong to weak. From the one-hour level, after the price fell below the upper Bollinger Band, it alternated between small bearish and small bullish candles. Although the MACD indicator's fast and slow lines remain above the zero axis, the KDJ indicator's three lines have formed a dead cross and are diverging downwards, indicating that the overall trend has entered a technical correction phase. Therefore, in our afternoon operations, we will adopt a high short strategy.
Operation Suggestions
Bitcoin Strategy: Short near 111,400, Target: Near 109,700.
Ethereum Strategy: Short near 2,790, Target: Near 2,700.
