7.9 Bitcoin Evening Strategy

Analysis: The current price of Bitcoin has retreated to around the 109,000 area. In the short term, the key support and resistance levels have not been effectively broken. Based on an analysis of various angles, although bearish signals such as top reversal patterns and hanging man candlesticks have appeared, the descending channel has not been broken, and there is significant downward pressure on the price.

Points: Around 109,500, targeting the 108,000 range, with short-term defensive measures in place.