7.5 Morning Thought Analysis
Four-hour analysis shows that Bitcoin briefly rose and encountered resistance before attempting a counterattack. Currently, the middle band of the Bollinger Bands is under pressure, and there is a possibility of a KDJ golden cross forming. In the morning, we will first look for a rebound, with the main strategy still being to short. Make sure to set stop losses and do not go against the trend.
Morning Trading Ideas
- Short Bitcoin around 109,000, looking to drop to around 107,200. If broken, further look to 105,000.
- Short Ethereum around 2,580, looking to drop to around 2,480. If broken, further look to 2,400.
