7.4 Friday evening Bitcoin Ethereum market analysis and trading suggestions

In the afternoon, the market continued its downward trend, with Bitcoin prices continuing to decline, hitting a low of 108456. Ethereum also faced pressure, briefly dipping to a low of 2525 during the trading session.
From the hourly K-line chart, Bitcoin's price shows a clear downward trend of fluctuations. After reaching the upper band of the Bollinger Bands, the price started a continuous downward trend, forming a standard continuous bearish pattern in the K-line combination. Although there were brief rebounds during this period, the bullish momentum was clearly insufficient. These rebound candlesticks generally presented a doji or small body form, and the trading volume continued to shrink, indicating weak market buying interest. The distribution of trading volume at the hourly level shows characteristics of increased volume during declines and decreased volume during rebounds. With the US stock market closed in the evening, it is estimated that there will not be significant market movements, mainly focusing on range-bound fluctuations, and it can be treated with a high sell low buy approach.
Bitcoin: Short position near 109500, short-term target 107000
Ethereum: Short at around 2570, short-term target 2500#Gate VIP 焕新升级 #非农就业数据来袭 #Gate Alpha交易分享