Evening Analysis of Bitcoin and Ethereum on October 7

The structure of Bitcoin shows a flat top pattern, with a large bullish candle followed by small bearish and bullish consolidations. In the short term, the probability of a downward movement is high, and the trend is biased towards consolidation. The Bollinger Bands remain open, but the price has not been able to sustain a one-sided rise. On the hourly chart, the K-line body is narrowing, trading sideways at the upper band, the MACD energy bars have turned negative crossing the zero line, and the moving averages are crossing downward, signaling a reversal clearly. Overall, the strategy for the near term is to focus on consolidation, and it is recommended to seize the opportunity during pullbacks.

Trading Suggestions:

For Bitcoin, look for consolidation around 111500-112000, with a target around 108000.

For Ethereum, look for consolidation around 2820-2850, with a target around 2700. #BTC走势分析 $BTC $ETH