8.7 Qin Feng Early Morning Analysis

On Wednesday, the market opened quietly with fluctuations, remaining uneventful. It wasn't until the U.S. stock market session that the market surged with a wave of rebounds, with Bitcoin strongly breaking above 115,000. Unfortunately, the upward momentum was hard to sustain, aligning closely with previous predictions for the U.S. stock market. Currently, in the early morning period, there is considerable overhead pressure, and signs of a breakout are temporarily lacking. In terms of operation, it is advisable to follow the situation and adopt a high-short strategy.

Bitcoin can be shorted near 115,300-115,800, targeting around 114,500.

Ethereum can be shorted near 3,660-3,700, targeting around 3,600. #姨太 #BTC