7.10 Afternoon Bitcoin Market Analysis and Trading Suggestions

From the current market perspective, Bitcoin has stabilized around 110800 in the morning. If the price holds this position in the afternoon, it may rise again in the evening to test the previous highs. If it falls below 110500, the price will face a correction space of over a thousand points.

Moreover, from an hourly perspective, the bulls are showing high levels of excitement. In terms of the Bollinger Bands, the price is running above the middle band, and the middle band is sloping upwards, indicating a positive medium-term trend, with the upper band providing space for price increases. If it holds the middle band at 110400, then the price will begin a new round of upward movement.

Bitcoin Strategy: Buy near 110800, target 112300

Ethereum Strategy: Buy near 2780, target 2850