July 4 Evening Market Analysis and Strategy Reference

From the daily chart perspective, yesterday's K-line fell back after hitting the upper Bollinger Band, forming a distinct upper shadow structure, indicating strong selling pressure above. After today's opening, the price immediately entered an adjustment phase. Currently, the Bollinger Bands are slightly expanding, and the short-term moving average system still maintains an upward divergence, reflecting that the market's bullish trend has not completely reversed, but the upward momentum has slowed down.

Further observing the technical indicators, although the MACD double lines maintain a golden cross, the histogram has shifted from growing red bars to shortening, indicating that bullish strength is gradually weakening; the KDJ indicator has formed a death cross in the overbought area, releasing a short-term correction signal; the trading volume indicator VR is fluctuating narrowly around the 130 level, suggesting that the market's trading activity has not significantly increased, and both bulls and bears are still testing the direction.

Trading Suggestions

• BTC (Bitcoin): If the price rebounds to around the 109,500-110,000 range, consider attempting a light short position, targeting the support level of 108,700-108,400.

• ETH (Ethereum): If the price rises to the 2,570-2,600 area, consider positioning for a short, with lower targets at 2,540 and 2,500 levels. #币圈