7.5 Early Morning Market Analysis!
Remember, investing is a marathon, not a sprint. Those who have gained significantly in the cryptocurrency space do not possess the superpower of predicting the future; rather, they know how to act decisively when opportunities arise, maintain their faith in times of difficulty, and are not swayed by short-term fluctuations. They write their wealth legends with patience and wisdom. After the evening price fell under pressure to the 107291 line and stabilized after some fluctuations at that position, Brother Sheng first advised students to enter the market long at 108500. The price quickly broke below 108000 and directly reached the stop-loss position, after which students were directed to short, successfully capturing an 800-point space to make back the losses.
The daily level today closed with a Doji candlestick with upper and lower shadows, reflecting the intense game between bulls and bears at the current price level, indicating that the market is likely to be stuck in range-bound fluctuations in the short term. However, the overall bullish trend structure still exists, and prices are expected to accumulate momentum through pullbacks, with the potential to break previous highs later on. However, the upward process may be repeated due to increasing divergence between bulls and bears. On the hourly level, prices continue to fluctuate around the lower Bollinger Band, with bulls repeatedly failing to break previous highs, confirming the entry into a short-term range-bound fluctuation phase that requires close attention to key resistance level breakthroughs.
Operation Suggestions: Major Coin Strategy: Short around 108000, Target: around 106600. Minor Coin Strategy: Short around 2500, Target: around 2400.
