$BTC Ai Yu 7.7 Morning Silk Road:

The weekend's big pie (Bitcoin) trend is relatively volatile, with prices fluctuating upwards from around 108200 to 109700 in the early hours. However, it faced selling pressure from above and failed to break through effectively, leading to a subsequent pullback. A rapid bottoming and recovery trend appeared in the morning.

From a technical perspective: On the 4-hour level, the big pie has stabilized above the middle track of the Bollinger Bands after a significant bullish candlestick, but there are clear signs of the Bollinger Bands tightening, indicating strong resistance above. The 1-hour level shows a pullback after a rise, currently operating above the middle track, but the upper track's pressure is significant. The Bollinger Bands are exhibiting a narrowing range, with the possibility of converging towards the middle track and preparing for a downward breakout.

Although the MACD indicator is still in the positive zone, the red bars continue to shorten, indicating that bullish momentum is waning. If a death cross forms, bearish momentum may strengthen. The KDJ indicator is turning down from a high position, releasing a short-term adjustment signal. Once the death cross is confirmed, short-term adjustment trends may intensify. Overall, the current bullish momentum is insufficient, and the technical indicators show a clearer bearish signal. Morning operations suggest focusing on bearish trades, and only consider bullish trades after touching the lower support level and confirming stabilization.

Big pie 109500-110000 bearish, watch 108000-107500.

Ethereum 2590-2630 bearish, watch 2500-2480. #ETH