Evening Analysis on 7.10
Fluctuating around 112000 with a decrease in momentum. The competition between both sides is intense. The moving averages below are arranged in a bearish formation, providing some support, but there is also strong pressure above. If there is a breakout above 112000 with increased volume, it may open up further upward movement, and a light position can be considered to follow the trend. If the support from the moving averages below is broken, a suitable opportunity to short can be considered near 110000.
Suggestions
Bitcoin: Short around 112000~111300, target looking towards 109800-109000
Second Bitcoin: Short around 2790-2820, target: 2750-2720
