July 2 Morning Thought Analysis

Recently, Sister Li has been telling everyone not to chase long positions at the level of 108700, but to go short, and the results have proven this. Therefore, the overall trend must be bearish.

Looking at the 4-hour chart, the price is moving along the lower Bollinger Band and the band is expanding. The 5-day moving average has also turned downward.

The MACD fast and slow lines are moving down, with the green volume bars increasing, and the KDJ has formed a death cross and is declining, indicating that after a false high, the bears are charging ahead.

You can short Bitcoin around 106800-106000, with a target near 104500.

You can short Ethereum around 2430-2450, with a target near 2355.