7.7 Monday morning Bitcoin Ethereum market analysis and trading suggestions

Trading is not just a game of numbers, but a contest of mindset. The market fluctuates like tides, and both rises and falls are the norm. Last night's reversal confirmed the sharpness of judgment, while this morning's pullback further tests the strength of holding positions. Do not let short-term fluctuations shake your determination, and do not let external noise disrupt your focus. Adhere to trading discipline, manage risk positions, and maintain strategic patience—strong psychological capital is the ultimate tool to navigate through bull and bear markets! Keep your rhythm steady and wait patiently for the bloom. In last night's market, Bitcoin showed a rebound momentum, rising from a low of 108209, reaching a high of 109684 before encountering resistance, and then entering a pullback phase. Ethereum also exhibited a V-shaped reversal trend, strongly rebounding from a low of 2522, peaking at 2607 before the upward trend paused.
From the 4-hour candlestick chart, it can be observed that the market exhibited a significant lack of trading activity over the weekend, with prices continuing to maintain a narrow range of fluctuations below the middle band. On Sunday evening, the market suddenly surged with volume, leading to a strong breakout, and the price briefly rose above the middle band, forming a typical bullish engulfing pattern of two bullish candles engulfing one bearish candle. In the morning, there may be a pullback to enter long again.
Bitcoin: You can go long around 108500-109000, with a short-term target of 110500.
Ethereum: Buy near 2550 Short-term target 2630#Dr.Han入驻Gate广场 #Gate VIP 焕新升级 #非农就业数据来袭