9.7 Sunday early morning Bitcoin Ethereum latest market real-time analysis and operation

Looking back at the intraday market, the overall pattern shows a range-bound fluctuation, and the direction is not clear. Bitcoin's price first rose then fell, reaching a high of 111307 before encountering resistance and pulling back, later facing pressure again at the 110999 level, followed by a correction, dropping to a low of 109977. During the same period, Ethereum's trend also showed weakness, starting a range-bound downtrend from a high of 5328, with a relatively slow pace, ultimately reaching a low of 4236.

From the current market perspective, the short-term moving averages of Bitcoin and Ethereum are flat, with both the bullish and bearish moving averages intertwined, and no clear golden cross or death cross signals have formed, indicating that the short-term remains predominantly range-bound. Bitcoin's relative strength index (RSI) dipped to around 38 between 2-4 AM, but quickly rebounded to the neutral range of 45-50, indicating short-term support at the 109977 level, and bearish momentum has not continued to release. Its Bollinger Bands have narrowed, with the upper band resisting around 110800, and the lower band supporting around 109900, confirming the range of short-term fluctuations. Ethereum also exhibits similar technical indicator characteristics, with overall volatility remaining within a range.

In summary, the market forces of bulls and bears are temporarily balanced, with no obvious trending direction. It is recommended to treat the operation as a range, adopting a strategy of selling high and buying low.

Specific operational ideas for early Sunday morning are as follows:

• Bitcoin $BTC : Go long around 109000, targeting 111000 - 11500 area.

• Ethereum $ETH : Go long around 4200, targeting 4300 - 4350 area. #加密市场回调