Analysis at dawn on July 8, 2024

Bitcoin ($BTC )

Bitcoin has fallen below 57,000, failed to rebound in 4 hours, and the market turned bearish. Pay attention to 57,000. If the 4-hour closing line cannot stand at this position, the market will go down, with support levels of 56,300, 55,800, and 54,980. If it stands above 57,000 again, it will rebound in 4 hours, and the upper targets/pressure levels will be 57,600, 58,466, and 59,126.

Ethereum ($ETH )

Ethereum has fallen below 3,000, failed to rebound in 4 hours, and the market turned bearish. Pay attention to 2,960. If it falls below this position, the market will go down, with support levels of 2,890, 2,840, and 2,800. If it rebounds from 2,960, the upper pressure level is 3,000. After standing above this position, it will rebound in 4 hours, with target/pressure levels of 3,039, 3,080, and 3,176.