7.30 BTC ETH morning thoughts

Although BTC had a rebound yesterday, it still hasn't escaped the oscillating downward rhythm overall. The current price is running between the middle and lower bands of the Bollinger Bands, with both long and short forces still in a tug-of-war, with neither side gaining a clear advantage. From a technical perspective, the MACD green bars continue to expand, combined with the repeated oscillation of the bottom trend, indicating that the short-term rebound momentum is relatively weak, making it difficult to break through the key resistance level above in one go.

The daily line forms a "spinning top" bearish candle, with the upper shadow significantly longer than the lower shadow, indicating that selling pressure above remains heavy. From the perspective of key support levels, the lifeline (i.e., important moving average support) is around 118150. If the price fails to stabilize at this level, further declines into the support area below cannot be ruled out.

In summary: the current BTC trend seems to be stuck in a "tug-of-war" between bulls and bears, with the short-term bulls not strong enough and the bears not unleashing their big moves, the fluctuation and consolidation may continue, and it is advisable to control positions and remain cautious.

Personal suggestion
BTC: 1185-1192 entering the market, target looking down at 1172, if it breaks below look at 1160
ETH: Enter at 3830-3860, target down to 3750, if it breaks, look at 3650 #Gate ETH十周年理财专区#