7.7 Monday Morning BTC/ETH Latest Market Analysis
From the recent trend, the upward momentum has been fully released and is currently in a small cycle of technical correction. This stage is a crucial period for the bulls to gather strength. As market sentiment gradually stabilizes, a new round of upward movement is quietly beginning.
From the 4-hour level, the advantage of the bulls is becoming more and more obvious, and the price has successfully risen above the middle band of the Bollinger Bands. Every pullback is a process of the bulls accumulating strength. The larger the pullback, the stronger the willingness of the bulls to counterattack, and the inflow of funds is also becoming more significant. The current price is showing a stepped upward trend, with bottom support being continuously consolidated through repeated fluctuations, while the upper resistance level is gradually weakening during the sustained upward attack.
Operational suggestions:
Bitcoin: 108200-108500 bullish, watch near 109200
Ethereum: 2520-2540 bullish, watch near 2570
