7.9 Early Morning Bitcoin Aunt's Market Analysis

Reviewing the evening trend, Bitcoin rose to the 109200 position but encountered resistance, subsequently falling back to around 108400.

From the hourly chart perspective, the Bollinger Bands (BOLL) are synchronously narrowing, indicating that the recent market volatility is continuously decreasing, and both bulls and bears are in a phase of rebalancing their forces. The price has dropped from the upper band under pressure to near the middle band, reflecting both the upper band's suppression of short-term bulls and the initial support effect now evident at the middle band.

Operating Suggestions:

• Bitcoin can set up short positions in the 109000-109800 range, targeting the 107400-106600 range.

• Aunt's coin can set up short positions in the 2600-2650 range, targeting the 2540-2500 range.