7.7 Morning Thought Analysis
Midnight thought pointed to the key pressure level of 109700, and in the morning, a rise peaked at this level before pulling back. Actively entering short positions has resulted in reduced holdings.
The four-hour analysis shows effective pressure at the upper Bollinger Band, but the MACD bullish momentum is starting to expand, and KDJ is also turning upwards, so caution is needed for another surge. Maintain a firm bearish outlook at high levels, and set proper stop-losses to avoid counteracting.
Morning Operation Thoughts
- Short near 109500 for Bitcoin, targeting around 108000. Break below this will look further down to 105000.
- Short near 259 for Ethereum Classic, targeting around 2480. Break below this will look further down to 2400.
