7.9 Early Morning Analysis

From a daily perspective, the main currency continues to decline, overall remaining within a ↓ channel. The short-term rebound failed to successfully break through the key resistance level and stabilize, indicating that the market is still under the control of the bears. Currently, the struggle between bulls and bears has entered a critical phase, with the candlestick showing a long upper shadow, reflecting significant selling pressure above. When the bulls attempt to break upwards, they face obvious resistance. In terms of strategy, it is recommended to take advantage of the rebound to position yourself for a short sell during the early morning hours, as this rebound is precisely the opportunity to short.

Personal Recommendation

Main Currency: Short around 109000-109600, target 107000-106000

Second Currency: Short around 2620-2640, target 2540-2500 #BTC