7.3 Bitcoin Market Analysis

After a significant surge yesterday, Bitcoin has retraced to a low of 23.6% today.

From a daily perspective, after reaching the previous high of 111959, Bitcoin has been oscillating in the 100,000-110,000 range.

Currently, it is expected to challenge the 110,000 level again. However, from multiple time dimensions and the results of various indicators,

MACD bullish momentum is insufficient, which may lead to further corrections.

Entry Point Silk Road

Enter near 109,000, target 108,000

【If there is a significant breakout above the 110,000 level, observe with no positions】