7.9 Early Silk Road

Based on the current market situation, the four-hour level shows that the trend is slowly rising with two consecutive bullish candles observed from the one-hour level. The current bullish candle's body is relatively small and is in a high-level consolidation. The KDJ and RSI indicators are all extending parallelly, suggesting that both sides are entering a fierce competition stage. Therefore, in the morning, before the market breaks the consolidation range, we will continue to adopt a high-sell low-buy approach along the Silk Road.

Suggestions:

Bitcoin can be sold near 109300-109700 with a target of around 107800.

Ethereum can be shorted near 2660-2690 with a target of around 2580. #币圈 $BTC $ETH