7.2 Morning Thoughts:
From a technical analysis perspective, in the four-hour level K-line of Bitcoin, the Bollinger Bands channel is continuously expanding, which clearly indicates that market volatility is significantly increasing and momentum is continuously being released. Currently, an effective support level has been established at the price bottom, making it difficult for the bearish forces to sustain and effectively extend the downtrend. Combined with the analysis of volume and price structure, bullish momentum is quietly accumulating, and the buying forces are gradually gaining an advantage; the subsequent market is highly likely to welcome a significant rebound.
Bitcoin Trading Suggestions:
Buy between 105000-105500, target 107000.
For Ethereum, buy around 2380, target around 2460.
