July 16th Early Morning Thoughts

The trend of Bitcoin today saw it surge to a high of 120430 in the morning before experiencing a continuous downward oscillation, dropping to a low of 116227. Although the bulls made a push in the evening, bringing it back up to 118499, it couldn't hold and ultimately fell back to 115678, which indicates one word: weak!

Looking at the hourly chart, the Bollinger Bands are all pressing down, and the bears are clearly in control of the rhythm, suggesting a continued downward expectation for Bitcoin in the short term.

On the contrary, the altcoin surged wildly tonight, completely ignoring Bitcoin's movements, charging up to 3090 like a bolt of lightning, truly exhibiting an independent market.

Operating advice: Short Bitcoin around 117400, targeting 115000. Short the altcoin around 3100, targeting 2950#CPI数据来袭 #比特币巨鲸动向 #BTC再创新高 #BTC #ETH .