7.12 Morning Analysis

From the four-hour level, the Bollinger Bands are opening upwards, the momentum is decreasing, and the trend has shifted from a one-sided upward movement to a tug-of-war. However, the overall market sentiment is still within the previously established upward channel and has not broken out.

There is still certain buying pressure above, which will be released during the weekend's oscillation and adjustment process, preparing for the next momentum to sound the attack horn again. Therefore, in the morning, we continue to look for a lower trajectory for the Silk Road.

Bitcoin around 117300-117100, target near 118500

Ethereum around 2940-2920, target near 3000 $BTC $ETH #BTC再创新高