Morning Analysis on July 3

Looking back at the overnight trend of Bitcoin, it successfully broke through the $109,000 mark, but is currently facing significant pullback risks. From a 4-hour technical analysis perspective, a divergence between volume and price has emerged, while the Relative Strength Index (RSI) has surged into the overbought range at 89, and the upward momentum of the MACD indicator continues to weaken. These signals all indicate that the bullish momentum is insufficient for further upward movement.

If the price cannot effectively stabilize above $109,500, it may quickly test the support level at $105,800 in the short term; if this support level is broken, the head and shoulders pattern will be confirmed, and subsequent target price levels will decline.

Bitcoin: It is recommended to short in the range of $109,150 - $109,650 when the price rebounds, targeting $107,750. If it breaks this level, it could further decline to $105,550.

Ethereum: It is recommended to short near $2,585 - $2,610, targeting $2,510. #特朗普马斯克分歧 #Strategy增持比特币 $BTC