7.4 Friday afternoon Bitcoin Ethereum market analysis and trading suggestions

This morning, Bitcoin showed an overall trend of fluctuating downward. As of now, Bitcoin has dropped to a minimum of 108749, while Ethereum has also weakened, reaching a low of 2547. Based on trend analysis, we have accurately grasped the market rhythm: we positioned a short Bitcoin order at the high of 109959 USD, successfully taking profit at 108900, gaining 1050 points; simultaneously, the short strategy for Ethereum at 2596 was also perfectly executed, with profit taken at 2556, achieving a steady gain of 40 points.
From the current 4-hour level trend, the Bitcoin price has clearly weakened in market sentiment after multiple attempts to break through the key psychological level of 110,000 without success. After the third failed attempt, the market shows a typical three consecutive bearish candles, starting to test the middle band of the Bollinger Bands. From the technical indicators, the green momentum bars are continuously shrinking; the RSI indicator has fallen from the overbought zone to around the 50 midline, indicating that bullish momentum is waning. Continue to maintain a rebound short strategy in the afternoon.
Bitcoin: Short position can be taken near 109000-109500, with a short-term target of 107000.
Ethereum: short position near 2565, short-term target 2480#Gate上线xStocks交易 #非农就业数据来袭 #Gate Alpha交易分享