Analysis 7.9 in the early morning
From today's perspective, the price of Bitcoin continues to decline and is generally in a downward channel. The short-term rebound has failed to break through the main resistance level and hold above it, indicating that the bears still dominate the market. Currently, the competition among traders has entered a critical phase, as the candlesticks show long upper shadows, reflecting significant selling pressure from above, and the bulls are facing clear resistance when attempting to break upwards. Strategically, it is recommended during the dawn period to capitalize on the rebound for speculation, as the rebound is exactly the right time for speculation.
Personal Advice
Bitcoin: near 109000-109600, target 107000-106000
At around 2620-2640, target around 2540-2500
#BTC##eth#BinanceTurns8
From today's perspective, the price of Bitcoin continues to decline and is generally in a downward channel. The short-term rebound has failed to break through the main resistance level and hold above it, indicating that the bears still dominate the market. Currently, the competition among traders has entered a critical phase, as the candlesticks show long upper shadows, reflecting significant selling pressure from above, and the bulls are facing clear resistance when attempting to break upwards. Strategically, it is recommended during the dawn period to capitalize on the rebound for speculation, as the rebound is exactly the right time for speculation.
Personal Advice
Bitcoin: near 109000-109600, target 107000-106000
At around 2620-2640, target around 2540-2500
#BTC##eth#BinanceTurns8