7.23 Bitcoin Morning Thought Analysis $BTC $ETH #稳定币监管风暴 #山寨季來了？

From the hourly chart, Bitcoin is currently moving along the upper Bollinger Band, with a continuous appearance of "long upper shadow + small bullish candle" combinations, indicating significant selling pressure above, and the bulls seem to be losing momentum.

The red bars of MACD are shortening, and the two lines, DIF and DEA, are close to merging at a high level, which may form a death cross at any time. If the price does not push upward soon, the bears may begin to gain strength. The three lines of KDJ are still resting in the overbought zone, and once the J line falls below 70, it can basically confirm a pullback signal. If this coincides with a MACD death cross, it would be a fairly standard bearish signal.

Operational Suggestions:

Bitcoin: Consider shorting in the range of 119800-120500, with the first target at 118000; if it breaks below, you can look at 116000. Personally, I believe the overall direction may head towards 108000.

Ethereum: You can try shorting in the range of 3750-3780, targeting 3650-3600.