7.4 Evening Market Analysis

The market teaches us the deepest philosophy: fluctuations are merely the breath of wealth, and bulls and bears are just two expressions of time. True practitioners in the crypto world understand that those crashes that keep you awake at night will eventually become topics of conversation when you raise your glass in the future; those surges that make you ecstatic are just the inevitable result of cognitive realization. In the afternoon, after the Bitcoin price fell to a low point of 108456, it stopped and then began to rebound, reaching a high of 109071 in the evening. The price of Ethereum also followed a similar pattern in the afternoon, starting to rebound after dipping to a low point of 2525, and then fluctuating around 2550 after reaching a high of 2558.

The current market continues to exhibit a weak oscillating downward trend. As of now, Bitcoin is maintaining narrow fluctuations around the central level of 109000. Based on the current consolidation situation, it is recommended that the evening trading strategy focuses on high selling and low buying, with an emphasis on seizing high-position short-selling opportunities and flexibly operating within the oscillation range. The key resistance level for Bitcoin above is at 111000, while the short-term support level below is at 108456. For Ethereum, attention should be paid to the resistance level above at 2558 and the key support level below at 2525. Investors can reasonably plan their positions and trading points based on the support and resistance levels.

Operation Suggestions

BTC strategy: Buy around 108500, target: around 110300. ETH strategy: Buy around 2520, target: around 2630.

​#BTC重返11万 #以太坊