7.9 Bitcoin Afternoon Strategy

The Bollinger Bands are widening, with the upper band stable while the middle and lower bands are moving down together, indicating that the price has broken out of the previous consolidation range and entered a bearish trend. The bearish forces have gained the upper hand in the short term, and the potential for further downward movement may open up. MACD indicators show that both lines have been operating below the zero line, and the gap between them is widening, with momentum also increasing. This indicates that the bearish strength continues to be released without signs of weakening, confirming that the short-term downward trend will continue from a momentum perspective.

Bitcoin Trading Strategy: Short around 109,000, targeting 108,000, with a stop-loss at 109,300.