Friday: Difficulty in recovering upward, continued decline may break lower

Overnight market showed a continuation of bearish trends, failing to meet the demand of most bulls for a sustained rise, with obviously insufficient recovery strength. The overall rhythm remains weak, and it is expected to break this week's new low.

From a technical perspective, in the four-hour level chart, the running channel continues to open downward gradually. The price is under pressure after failing to recover and rise at the middle track, and the bullish volume cannot be sustained. The small cycle downtrend is difficult to stop, and the recovery strength is also weakening, indicating further downward movement.

In the one-hour level chart, after the price recovers and rises but is pressured at the 115000 mark, it again moves bearish. While opening a downward channel, it is also difficult to build a bottom and rise. Although there is an attempt to pressure the bulls through oscillation, the space for release is limited, and there is no demand for a rebound.

Today's strategy is to maintain a high short position:

In terms of operation, I personally suggest shorting in the 112500-113000 range, watching for 111500-111000$BTC #美联储7月会议纪要 #加密概念美股普涨 #加密市场回调 .