Morning Analysis on 7.9

From the current market situation, Bitcoin's daily chart is in a sideways range near the upper track, with repeated fluctuations; the prolonged tension has brought the market back to a volatile pattern, failing to form an effective one-sided trend.

From the four-hour level, the price has risen to the upper band of the Bollinger Bands, experiencing some pullback due to upper pressure, but the support below is equally strong, with the price consistently hovering near the middle band.

From the hourly level, the market shows a two consecutive bullish trend slowly moving upward. The current bullish candlestick is relatively small, positioned in a high-level consolidation, with the KDJ and RSI indicators' three lines extending in parallel, indicating fierce competition between both sides.

Bitcoin 109000—109500, looking down towards 107500

Ethereum around 2640, looking down towards 2600 #比特币