7.27 Sunday Early Morning Bitcoin Ethereum Market Analysis and Trading Suggestions

The peak of the coin circle is never crowded, because there are too few who can withstand the fluctuations and endure until the trend. And you can definitely become the one who laughs last. A review of the market shows that the Bitcoin trend has shown a pattern of first suppression and then rise during the day. In the early trading session, the price fell to the key support level of 117175 and then stabilized. Subsequently, the bulls made a strong effort, pushing the price up to the day's first high of 117777. After that, the market entered a consolidation phase, with both bulls and bears engaged in a tug-of-war. As the evening trading session began, driven by sustained buying, the price broke through the early high, reaching a maximum of 118245 resistance level before stopping. On the Ethereum side, it showed a surge followed by a pullback. Although it once attacked the high of 3781 in the early session, the subsequent buying momentum was insufficient, and it could not effectively stabilize at that level. The price then oscillated downwards, reaching a low of 3714 support level. Although the day’s bearish strategy encountered a slight pullback, the overall risk is controllable.
From the current daily chart's technical trend, the market has finally seen a rebound after experiencing three consecutive days of bearish candlesticks. This rebound has successfully recovered some of the lost ground, and the bearish forces have clearly entered a consolidation phase during this process, showing no significant resistance. Although the bears have temporarily ceased fire, the overall market has still not effectively broken through the previous range. The price is currently near the key resistance level at the upper edge of the range, and we continue to maintain a strategy of buying low and selling high.
Bitcoin: Short position near 118200, short-term target 117000
Ethereum: Short at around 3750, short-term target 3650
#余币宝年化收益破24% #Gate Launchpad IKA上线 #以太坊交易量飙升