7.5 Early Morning Analysis

Reviewing the evening market, Bitcoin has continued to decline from the 109100 level to the 107400 level, followed by a rebound and consolidation in a small range.

From the hourly Bollinger Bands perspective, the opening is showing an expanding shape, with the distance between the middle and lower bands significantly widening, reflecting that the market's short-term volatility is accelerating. The price action continues to break below the lower band, indicating strong bearish momentum.

Regarding the MACD indicator, the two lines are maintaining their position below the zero axis, and the distance is widening. Currently, the DIF line is further deviating downwards from the DEA line, with increasing volume in the bearish area; this pattern indicates a strong continuation of the one-sided downward trend in price.

Trading Suggestions:

Bitcoin: It is recommended to set up short positions around 108000-108700, targeting the 107000-106300 range.

Altcoin: It is recommended to set up short positions around 2520-2550, targeting the 2450-2420 range. #比特币 #以太