7.7 Midday Strategy Analysis

Today's strategy focuses on closely monitoring the upper Bollinger Band at 109600 on the four-hour timeframe, which is a key resistance level. This point serves as a dynamic resistance zone and is the dividing line for the bulls and bears.

If there is a strong breakout and it holds above 109600, it indicates that the bulls have control over the situation, and one may follow the trend to go long;

Conversely, if there is a rebound near this price level and it encounters resistance, with a long upper shadow on the candlestick and declining trading volume, it suggests strong bearish pressure, making it suitable to go short at highs.

When operating, it is recommended to comprehensively refer to candlestick patterns, MACD indicators, and changes in trading volume, strictly set stop-losses, and flexibly respond to market fluctuations. $BTC