7.4 Afternoon Thoughts

Looking back at the morning's major fluctuations, it has dropped from a high of 109955, showing a stair-step downward trend, down to around the low point of 108800, just as we mentioned in the morning. I indicated the lowest point of 108749 for everyone this morning, with a 1200-point gap.

The thoughts are all publicly shared in advance; there is no hindsight involved. Those who quietly watch the market late at night and can't grasp the direction might as well follow Ai Yu's market insights.

From the current market perspective, the four-hour chart of Bitcoin shows three consecutive bearish candles in a downward trend, and the market has softened compared to the previous movements. Based on the strong upward momentum of the bullish trend, some energy has been released, and it also needs a period of time to organize the current structure.

On the hourly chart, it has again shown a trend of probing high and then falling back, currently also declining to the rise point from yesterday, so this afternoon we can watch if the lower level of 108500 can effectively break, and adjust according to the pattern. A rebound can be captured, but the overall thinking remains cautious.

This afternoon, Bitcoin can be shorted in the range of 109000-109500, watching near 108000.

For Ethereum, it can be shorted in the range of 2570-2600, watching near 2500. #BTC