7.8 Midday Bitcoin Strategy

The morning Bitcoin strategy by Jack has been validated, showing a pattern of initial rebound followed by a decline: the price surged to around 108,500 before facing downward pressure, hitting a low near 107,400, and then entering a narrow consolidation.

The hourly Bollinger Bands are narrowing, with price fluctuations decreasing and a tug-of-war between bulls and bears. The price is operating between the middle and lower bands, struggling to break the middle band, with bears in control and rebounds losing momentum.

Short position around 108,500 for Bitcoin, with a target looking at 107,000, and a long-term view at 106,000. #比特币 #美国加征关税