7.9 Bitcoin Midday Thoughts

This morning, after receiving support at 108,000 points, the price slightly rebounded and is currently fluctuating around 108,900 points, struggling to rise due to resistance at the 109,000 points level. Market trading volume has simultaneously shrunk, and the technical indicators show weak characteristics.

If the price fails to break through the 109,000 points level subsequently, it may test the support strength at 108,000 points again. If this support level is lost, the downward space may further open up.

Operation suggestion;

Bitcoin is oscillating near 109,000, with a target looking towards the 108,000-107,000 range. If it breaks down, watch for 106,000! #比特币 #美国加征关税