Now the market needs to be observed in batches; you can't just say how far you can see. This is not meaningful for the trading itself. As for this round of decline, whether we can see further depends on how far this rebound can go. Assuming it is merely a simple upward adjustment, that would be fine, and there will still be opportunities to see prices lower than 106000. If the upward cycle is extended or the amplitude exceeds the previous pressure level of 108500, then the bears are wasted. As long as the coin price can maintain above 101500, there is always the possibility of breaking new highs. This point everyone must be cautious about; do not become complacent due to the recent volatile trends in the cryptocurrency market.

From the technical indicators of the market, the daily level shows that after forming a high near 108000, the price has retreated, currently in a trend of oscillating downward. The hourly level shows consecutive bearish candles, with weak rebound in the short term, overall presenting a weak adjustment. The technical indicators at the hourly level, DIF and DEA, are both below the zero axis, and the histogram continues to be negative, indicating that the bearish momentum is dominant; the MACD on the daily level has a dead cross and is diverging downwards, indicating that there is still downward pressure in the medium term. The hourly RSI hovers around 50, with no obvious overbought or oversold signals, but the direction is weak; the daily RSI has fallen from a high position to around 43, showing a weakening market sentiment. The hourly EMA7, EMA30, and EMA120 are in a bearish arrangement, with the price repeatedly constrained by the EMA7; the daily EMA7 and EMA30 are about to dead cross, with the EMA120 support level around 107100.

Zhou Yanling 7.1 BTC operation strategy:

1. Short at 108200-107500, stop loss above 109200, target 106800-106000

2. Long at 106000-106700, stop loss below 105000, target 108000-108800

Zhou Yanling 7.1 ETH operation strategy:

1. Short at 2510-2480, stop loss above 2550, target 2410-2380

2. Long at 2380-2410, stop loss below 2340, target 2470-2510

【The above analysis and strategies are for reference only, risks are to be borne by yourself. The article's review and publication may have delays, and the strategies may not be timely; specific operations are subject to Yanling's real-time strategies】

This article is exclusively created and shared by senior analyst Zhou Yanling, who has been engaged in financial market investment research for more than ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations.