7.9 Morning Thought Analysis
From the news perspective, whales are flooding into the market, and the support level continues to move downwards; this signal is quite clear. Do not chase long positions at high levels, and be cautious of the risks present in the upper space. This morning, continue to focus on the two positions given last night for shorting. Set stop losses and avoid counter-trend trades.
Morning Trading Thoughts
Short around 109800 for Bitcoin, looking down to around 108000, and if it breaks, further down to 107000.
Short around 2620 for Ethereum, looking down to around 2550, and if it breaks, further down to 2480.
