Morning Analysis

Every drop in the coin price is a test from the market and an opportunity for growth. If you endure it, it will be the beginning of your next leap forward.

From the four-hour level, the coin price has recently experienced a certain degree of decline, with consecutive bearish candles appearing on the K-line chart, indicating a strong bearish sentiment in the market. Combining this with the Bollinger Bands and MACD indicators, it is highly likely that the coin price will continue to maintain weakness in the short term and may test the support strength of the lower band. From the one-hour level, the price has broken below the middle band and continues to decline while diverging downwards, further indicating that short-term bearish forces are dominant and the trend is bearish. The MACD histogram is below the zero axis, showing a continuation of the bearish trend. Although there are signs of the indicators flattening after the short-term decline, there has not yet been a clear reversal signal. In the morning, we can continue to focus on short positions.

Short near 118700 for Bitcoin, target 117000.

Short near 4580 for Ethereum, target 4480#美国7月PPI年率高于预期 .