Bitcoin and Ethereum Latest Price Movement Analysis (11/7)

Bitcoin and Ether Market Latest Price Analysis (11/7): The market is currently in a clear downtrend. Technically, the moving average system is in a bearish alignment, and increased trading volume indicates intensified selling pressure, limiting the potential for a short-term rebound. Although the price is approaching the strong support level of 98888.8, the conflict between price-volume divergence and the hammer candlestick reversal signal reduces the credibility of a rebound. The effectiveness of the support level needs close monitoring. The market is currently in a consolidation phase, with the price approaching the strong support level of 98888.8. Considering the historical effectiveness of the support level and the neutral market sentiment, a strategy of buying on dips near the support level is a reasonable short-term trading strategy. Xiao Ma's Trading Suggestions: Buy Bitcoin around 99500-100000, with a target of 102000-103000. Buy Bitcoin around 3220-3240, with a target of 3320-3360.