Friday midday Bitcoin Ethereum market analysis and trading suggestions

From a technical analysis perspective, the daily chart has formed a triple top pattern. Despite the bulls continuing to increase their volume, the key high points have not been effectively broken. The market reacted to negative news last night, with prices dropping to the 109,000 level where support was found and a rebound occurred. Due to the U.S. stock market closing three hours early, the night session has shifted into a narrow range of fluctuations. It is important to note that today coincides with the U.S. Independence Day, and the U.S. stock market will be closed this evening.

Given the technical inertia following yesterday's surge, it is expected that today will enter a consolidation phase, with the overall volatility range likely maintaining recent high levels. The current market focus is on whether the bulls can effectively break through the key resistance level—successful breakthroughs will open up upward space; conversely, prices may face the risk of a deep correction. In terms of trading strategy, it is recommended to trade short-term within the range of 108500-110500, while closely monitoring the breakthrough situation of key levels and following the trend after a breakout.

Lao Tian has some personal matters at home in recent days and will take three days off! He will also try to find time to update friends on real-time thoughts, hoping friends will understand.
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