7.1 Morning Thought Analysis

Based on the current market conditions, on the four-hour level, the price has broken below the middle band of the Bollinger Bands after consolidating, and the previous gains are gradually being retraced, but the low from yesterday's pullback has not been breached. There is a lower shadow under the bearish candle, indicating that short-term support remains below.

On the one-hour level, after three consecutive bearish candles retraced, the decline has stopped, and the RSI indicator shows the three lines turning upward. Therefore, the morning trading suggestion is to focus on buying on dips after a pullback.

Suggested Operations:

Trade in the range of 106500-107000, target 108000-108700$BTC