Ai Yu 7.5 Silk Road:

#BTC From the analysis of the 4-hour K-line trend, Bitcoin and Ethereum encountered significant resistance after a strong upward attack in the upper Bollinger Band area. As the bullish momentum gradually weakens, it is under pressure to decline, and the short-term upward trend faces a phase of ending.

Currently, the market has continuously recorded several bearish candles, not only effectively breaking through the important support level of the middle Bollinger Band but also causing the Bollinger channel to shift from expansion to contraction, reflecting a significant decrease in volatility. It is worth noting that during the pullback, the trading volume shows a moderate increase, confirming the real and effective selling pressure from the top.

Bitcoin: Around 108000-108500 is suitable for short positions, short-term target at 106000

Ethereum: Around 2520 is suitable for short positions, target 2430$ETH

(Personal opinion, for reference only, Silk Road is time-sensitive)