7.7 Early Morning Silk Road
Last night, Bitcoin rose slightly to 109000 but was unable to hold steady and retreated slightly. Currently, it is oscillating around 108700, facing strong resistance at the short-term level.
On the technical indicator front, it is still dominated by the leading trend, showing a cyclical pattern in the medium term. Although short-term downward momentum may weaken, the counter-trend is significantly restricted. Overall, short-term trading suggestions focus on counter-trend trading during rebounds.
Bitcoin counter-trend around 109200-109800, targeting 108000-107200, with a breakdown looking towards 106500.
Ethereum counter-trend around 2560-2590, targeting 2510-2480, with a breakdown looking towards 2360.
