$BTC 7.10 Thursday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

This morning, after experiencing a surge, the market fell back to around 110834 points. Ethereum faced pressure and retreated from a high of 2798 points, reaching a support level of 2764 points. The market has once again begun to rebound, and the overall trend aligns with Xiao Ge's earlier bearish expectations. However, the fluctuation range this morning has been relatively limited, with the short-term oscillation range maintained within a few hundred points.

From the 4-hour candlestick chart perspective, after a strong rally, market sentiment was initially high, but then it faced a noticeable correction, with some profit-taking occurring. Currently, there are signs of a slight rebound, with prices stabilizing briefly near the key support level. To be honest, although the market often says a bull market does not call a top, market liquidity has not significantly improved, and the risk of chasing upward is considerable. Xiao Ge remains bearish in his outlook this afternoon.

Bitcoin: Short near 111300-111600 with a short-term target of 110000

Ethereum: Short near 2800 with a short-term target of 2700