7.10 Morning Thought Analysis

Although the MACD is currently in the bullish zone, the divergence between the DIF and the price has excessively widened, and the risk of a top divergence has become evident; at the same time, the short-term moving average divergence rate has broken the threshold, indicating a strong demand for technical correction, which may force the market to pull back. Currently, the key resistance level of 112000 has not been effectively sustained, and if this level is lost, the pullback target will directly aim for 110000.

The Bitcoin is hovering around 111300-111700, with the target looking down at 110000, near 109000.