7.30 Market Analysis: Main Decline Not Started, Fluctuations Continue
In the evening, BTC dipped to around 117,000, and the overall trend remains in a narrow fluctuation range. Although the rhythm is slightly bearish, it still does not break out of effective downward space—bulls and bears are alternating, and the direction is unclear.
Within the range, there are ups and downs, comfortable for short-term trading, but difficult for swing trading. Both bulls and bears have not gained much, but many people have been frequently harvested.
From a technical perspective: still in a fluctuation structure, not effectively breaking out of the channel. The main rhythm still tends towards "southward", just waiting for the triggering signal.
Operational Strategy:
$BTC : Continue to look bearish around 117,900, target at 115,000, if broken can look for deeper drops.
$ETH : The trend is unstable, and fluctuations are severe. It is recommended to mainly sell high and buy low.
Short positions to watch: 3820-3830 range
Long positions to watch: 3680-3700 range
Summary: Fluctuations have not shown a direction, avoid heavy positions chasing orders, flexible adjustment of positions is key.
