7.8 Tuesday Afternoon Bitcoin Ethereum Market Analysis and Trading Suggestions

The market is like the sea, with both turbulent waves and calm tides. The current narrow fluctuations are the eye of the storm, where you can review your strategies and set your course, preparing adequately for the next wave. Bitcoin rebounded after dropping to a low of 107400, reaching a high of 108475, maintaining an overall range-bound pattern. Ethereum's performance has also been closely following, continuously consolidating within a narrow range.
From the 4-hour K-line trend, after the price effectively broke below the middle track of the Bollinger Bands, market momentum has not continued to release as expected. The Bollinger Bands channel shows a clear sign of contraction, with the distance between the upper and lower bands gradually narrowing. The RSI indicator oscillates repeatedly within the 40-50 range, neither entering the oversold area nor showing strong upward momentum. During the price decline, trading volume has shown a stepwise contraction, indicating that market selling pressure is gradually being digested. The current price is forming a consolidation platform between the middle and lower tracks of the Bollinger Bands, continuing to look bearish in the afternoon.
Bitcoin: Short positions can be targeted around 108300-108500, aiming for 106800.
Ethereum: Short-term target around 2560-2580 is 2480 #BTC# #ETH# #GT 2025第二季度销毁# #Gate VIP理财送茅台# #特朗普关税#