7.9 Early Morning Strategy Analysis

From the daily perspective, the price peak of Bitcoin continues to decline, remaining in a downtrend channel overall. The short-term rebound has not successfully broken through key resistance levels and established a stable position, indicating that the bulls still control the market. Currently, the battle between bulls and bears has entered a critical stage, with K-line showing longer upper shadows, reflecting significant selling pressure from above, and the bulls face obvious resistance when attempting to break upward. In terms of strategy, it is suggested to take advantage of the rebound to go long during the early morning hours, as the rebound is just the right time for bullish trades.

Personal Recommendations

Bitcoin: Go long around 109000, 109600, targeting down to 107000, 106000.

Altcoin: Go long around 2620, targeting down to 2540, 2500. $BTC