7.10 Thursday Bitcoin Ethereum latest market analysis: Bitcoin surged significantly beyond expectations in the early hours. The current daily chart shows continuous higher trade volumes pushing up, but the area around the 113000 level is a liquidity dense zone, lacking accumulation, and it is expected that after this round of rise, a deep pullback will follow.

The four-hour level channel is severely constricted, with prices under pressure at the upper boundary and trending downwards weakly within the range. Bullish volume release is hindered and appears fatigued, with no significant signs of upward movement in the moving averages, while the smaller time frames also show a further demand for decline. Short-term fluctuations are evident, with a pullback after hitting highs. On the one-hour level, prices are oscillating downwards, breaking below the channel, with signs of the lower channel opening up. However, the pace is slow, with pullbacks accompanied by corrections, and frequent conversions of long and short volume, establishing a downward oscillation pattern. The strategy suggests prioritizing short positions.
Short position near Bitcoin 111000-111500, short-term target 108500, long-term target around 105000.
Short sell Ethereum around 2770-2790, with a short-term target near 2680 and a long-term target near 2400. When trading in real-time, it is essential to follow real-time strategy guidance! #BTC# #ETH# #Gate VIP理财送茅台# #美加征关税#