7.9 Zhiming Morning Analysis and Suggestions
Looking back, the midnight market has been in a high-level consolidation. After Bitcoin rebounded to the high point of 109115, it has slightly retraced and currently operates around 108800. Ethereum peaked at 2627 during midnight but showed limited retracement, currently operating around 2610. Last night, Zhiming advised partner Dodan to enter the market, successfully securing a posture of 40 iodine and vitality of 800🔪
Moving away from the flat surface, on the four-hour level, the coin price touched the upper track and faced slight pressure but the retracement range is controlled. Thanks to solid support below, the coin price is currently in a consolidation and accumulation phase, with bulls ready to take off. On the one-hour level, the coin price remains above the middle track, within an upward channel, with low points continuously rising during the retracement, and the rebound is gradually climbing higher, forming a solid short-term bottom. Today's operation focuses on small retracements for long positions. The momentum brought by the retracement indicates the possibility of further upward trends for the bulls.
Zhiming's Suggestions
Bitcoin 108500-108000 area, look for 109500-110000 area
Posture 2595-2575 area, look for 2635-2655 area
