7.7 Evening Thought Analysis
The weekend market basically transitioned with fluctuations. Although there was a slight rise in the early morning, it failed to effectively sustain the upward trend, and the short-term focus is again on a bearish pullback. Overall, the short-term trend is gradually weakening, and there is still room for a pullback ahead.
On the hourly chart, after gradually rising through oscillation, it is also showing a continuous bearish pullback. Evening operations can follow the trend to look for short opportunities; any rebound presents a shorting opportunity.
Operation Suggestions
Short near 108700-109300 for Bitcoin, target 107000, if it breaks, continue to look downwards.