7.11 Bitcoin and Ethereum Midday Market Analysis

The hourly Bollinger Bands show that after Dian Wei broke through the upper band, it closed back within the band at 7 AM, but the trend continues to pull the middle band upward, with the band opening expanding continuously, clearly establishing a one-sided upward trend. The pullback has not changed the strong pattern, and the momentum is steadily releasing. Short-term support is solid, and the upward structure is intact, so the probability of continuing the upward trend is high, and opportunities to trade in the direction of the trend should be closely monitored.

Operational Suggestions:

If Bitcoin retraces to around 115500-115200, buy.

Target around 116500-117000, stop loss at 114500, if it doesn't break, hold, and target around 113800-114200.

If Ethereum retraces to around 2940-2920, buy, stop loss at 2900, target around 3040-3060, if it doesn't break, hold. #BTC走势分析 $BTC $ETH