7.4 Friday early morning Bitcoin Ethereum market analysis and trading suggestions

Looking at the K-line that flies up and down, doesn’t it feel like the market is a capricious woman? Just gave you a little rebound, making you think "Alright, this time it's a real bull market," and the next second it falls mercilessly. Those who successfully bottomed out in the morning are laughing, while those who chased high are crying, and those who are hesitating on the sidelines are both slapping their thighs shouting "I knew it..." and still struggling with whether to get in now? This market is all about treating all kinds of discontent and fantasies, there’s always a way to harvest you. During the day, Bitcoin found support after touching the low of 108480, then launched a strong rebound, peaking at around 110484; Ethereum followed suit, rebounding from the low of 2555 to the high of 2635. However, both major coins failed to effectively hold their high positions and ultimately fell again. Based on precise market trend analysis, we successfully captured the intraday market, with a total of 5 trades, among which 4 Bitcoin trades achieved perfect take profits, accumulating a gain of 4000 points; Ethereum also performed well, successfully securing a gain of 42 points.
From the current 4-hour K-line chart, the bulls have organized three consecutive attempts to break through the key resistance level above, but each time they reached the pressure area, they faced strong selling pressure, forming a clear long upper shadow pattern. The market's willingness to follow is insufficient, and we maintain the trading strategy from earlier this morning, suggesting to continue with the idea of taking short positions on rebounds.
Bitcoin: Short positions can be taken near 109700-110200, with a short-term target of 107000.
Ethereum: Short position around 2590, short-term target 2500 #Gate上线美股代币交易# #Gate用户突破3000万# #特朗普马斯克分歧#