7.2 Wednesday Night Bitcoin Ethereum Market Analysis and Trading Suggestions

In the afternoon, the cryptocurrency market showed a volatile consolidation trend. Bitcoin entered a consolidation phase after reaching a high of 107500, while Ethereum also maintained a sideways consolidation pattern. The bullish market predicted by Xiaoge this morning has been perfectly realized, and the strategy has now been adjusted to a bearish direction. Currently, the market is thinly traded, with a narrowed price fluctuation range, waiting for a new breakthrough opportunity.
The 4-hour level trend analysis shows that after experiencing a strong rebound of 4 consecutive bullish candles, the intraday market has broken through from the lower Bollinger Band to the upper middle band. Each 4-hour candlestick maintains a good solid bullish pattern, and the closing price consistently stays above the high point of the previous candlestick. Although the current market rebound seems exciting, it essentially still falls within the scope of a technical repair after a prior deep adjustment. Trading volume shows a moderate expansion trend but has not yet broken through the key resistance level's volume standard. Technical indicators have improved somewhat, but the MACD still hovers below the zero line. Currently, the upward movement of bulls has slowed down, and the bearish outlook will continue this evening.
Bitcoin: Short on around 107800-108000 with a short-term target of 105800
Ethereum: Short at around 2470, short-term target 2370#Gate用户突破3000万 #美股代币化 #特朗普马斯克分歧