7.7#Midday Analysis

The current multi-period technical characteristics of the large pie are diverging: the weekly chart is in a horizontal consolidation, expected to maintain a high-level wide fluctuation; the daily chart shows the embryonic form of a "triple top," encountering strong resistance on the rise.

At the 4-hour level, there is a divergence between bulls and bears, with KDJ about to form a death cross (short-term adjustment signal), and MACD breaking through bearish arrangement (intensifying competition), but bulls are strongly supporting (higher lows, pullbacks without lower shadows). The strategy closely monitors 109600; if it stabilizes above, turn bullish; otherwise, continue to short.

Trading suggestion: short at highs in the 109600-110800 range, target 108800-107800#比特币 #以太坊ETF