7.9 Midday Analysis

After receiving support at the 108000 level in the early morning, there was a slight rebound. Currently, it is oscillating around 108900, suppressed by the 109000 level. The trading volume in the market shows a shrinking state, and the technical indicators appear weak.

If it is difficult to break through the 109000-109500 resistance zone, there may be another test of the 108000 support level. If this support is broken, it may further decline to the 107500-107000 range.

Suggestions:

Large cake: Watch around 109100-109500, look at 108000-107500 range.

Second cake: Watch around 2615-2635, look at 2580-2540 range. #BTC