7.7 Evening Analysis

Today's 🛳️ situation overall presents a range-bound volatility. During the day, it rose to around 109600, then gained further momentum to climb near 109600, but encountered resistance and fell back, once again fluctuating around 108600; another asset started from around 2550, touched approximately 2590, then fluctuated back down to 2560, and then rebounded to around 2588.

From the daily technical analysis, the momentum shows a contraction, and the K-line closed in the red, indicating increasing pressure above. The key short-term resistance level to watch is around 111200, while the support level below is around 106400. On the 4-hour level, after encountering resistance, it closed two consecutive red candles, and the 🛳️ situation is under pressure. Currently, the important resistance level above is around 109600, with support levels below sequentially at 108300 and 107300. In the 1-hour trend, the momentum is gradually ↑, forming a downward crossing pattern, with expected support below at around 108400 and resistance above to watch at around 109400.

Suggestions

Big Cake: Fluctuate around 109200 - 109700, target aiming at 108000 - 107500

Second Cake: Fluctuate around 2580 - 2600, target at around 2550 - 2525 #BTC