#ETH# Recently, the Bitcoin market has shown a complex trend. After appearing a long lower wick on July 2, Bitcoin experienced a brief rebound, but then encountered a significant pullback on July 4. Currently, the Bitcoin price is fluctuating within the range of 108,000-109,000.

From a technical perspective, the 4-hour chart shows a consolidating pattern of a converging triangle, with recent highs gradually decreasing while lows are rising. The MACD indicator on the daily chart indicates that the DIF and DEA have formed a death cross and are developing downwards, suggesting that downward pressure has increased in the short term.
However, on the 4-hour level, the MACD's DIF and DEA are close to the zero axis, and the green bars have shortened, which may indicate signs of stabilization in the market in the short term.
For Ethereum, the market is also showing a similar consolidation trend. Based on the current market environment, investors may consider short-term operations when the Bitcoin price reaches the range of 108,300 to 108,800, with a target price set around 106,500. As for Ethereum, entry can be considered in the range of 2,520 to 2,550, with a target price near 2,460.
It is important to note that the cryptocurrency market is ever-changing, and the above analysis is for reference only. Investors should consider real-time market data and fully evaluate their own risk tolerance when making any investment decisions. In addition, the movements of large holders (commonly known as "whales") can also have a significant impact on the market, and it is worth keeping an eye on.
Whether you are an experienced trader or a novice investor, it is crucial to remain calm and rational in this highly volatile market. Setting reasonable stop losses, controlling your positions, and keeping an eye on market dynamics are essential to staying undefeated in this market full of opportunities and challenges.