7.5 Early Morning Silk Road

Yesterday, Bitcoin fluctuated around 108900 before declining↓ to a low of 107300, and then entered a narrow fluctuation range.

The 4-hour chart shows that Dian Wei broke through the middle track of the Bollinger Bands and is under pressure↓, with technical indicators also declining. Additionally, trading volume continues to be released, further opening the lower range. However, the accelerated decline of Dian Wei has not significantly changed the opening of the Bollinger Bands, and the market remains in a state of intense competition. Once the key support level is lost, the selling pressure from the previous concentrated buying area may be released.

Bitcoin resistance is around 108000-108500, looking towards 107000-106500, breaking down further targets 15000.

Ether resistance is around 2500-2530, looking towards 2460-2430, breaking down further targets 2360#美国加征关税 $BTC $