7.3 Afternoon Market Technical Analysis (Personal Opinion Only)

From the four-hour technical chart observation, BTC price is constrained by the upper Bollinger Band resistance. At the key psychological level of 110,000, combined with technical resistance, the upward momentum of the bulls is insufficient, showing obvious signs of a pullback. Meanwhile, the bullish momentum bars in the MACD indicator continue to narrow, reflecting a gradual weakening of buying power in the short term, suggesting that the market may continue its downward adjustment trend, and potential pullback risks should be taken seriously.

🫓 Operation Idea: Short around 109500-110000, with a target towards the 107500-108800 range near #美股代币化 #BTC走势分析 #BTC