7.4 Evening Analysis

Bitcoin and Ethereum on the daily chart fell back after a long bullish candlestick with increased volume, indicating that the market has entered a short-term consolidation period. The 4-hour K-line shows a high-level oscillating downward trend, while the 4-hour MACD histogram is continuously narrowing, with the DIF and DEA diverging above the zero axis, indicating a significant weakening of upward momentum, and a larger adjustment may follow. It is recommended to pay close attention to the key support levels of 2500 and 108000; if these are broken, the market is likely to continue its decline.

Bitcoin trading suggestion: Short around 109000-109500, targeting 108000, 107500

Market conditions change constantly, strategies are for reference only.