7.5 Evening Market Analysis

Today, the large coin market showed a narrow range of fluctuations, with the main volatility concentrated between 107700 and 108300. The secondary coin is consolidating in the range of 2495 to 2528, with overall trading activity being slow. The daily K-line formed a doji pattern, indicating that the strength of the market is temporarily in a state of stalemate. On the four-hour level, the momentum is gradually diminishing, with key resistance to watch at the 108500 line and secondary resistance around 109800; the important support level below is around 107000. The hourly chart shows that the strength of the market is also contracting, and the recommended short-term trading range is 108500 - 107500.

Feng Kai's personal opinion:

If the large coin price rebounds to the 108300 - 108600 range, one could consider positioning in the market, with a target price looking towards 107500 - 107000;

The secondary coin is suitable for trading in the 2535 - 2555 range, with an expected profit-taking point of 2500 - 2480.

Given the low market activity over the weekend, it is expected that the market will continue to fluctuate within a narrow range. It is recommended to adopt a high sell and low buy strategy, and once the expected profit target is reached, timely profit-taking to lock in gains is advised. $BTC