Analyst Heng Ge: 7.4 Bitcoin Auntie's Early Morning Market Analysis
Bitcoin Auntie has been rising since the low point of yesterday's morning session, and last night it once again broke through the recent high before pulling back. There is still significant pressure above Bitcoin at 110,000. Currently, the market has pulled back, and after consecutive bullish candles on the four-hour and six-hour charts, there are signs of a weakening trend. The previously emphasized low-level breakouts followed by upward movements show that the market has multiple signals of peaking after repeated highs, so one can consider selling at high points. On the daily chart, Bitcoin is forming a double top pattern again; after a rise, do not chase it anymore. Auntie generally follows Bitcoin's trend, and let's take the evening high as the resistance level. After the market pulls back, it will continue to decline, with support at the lower levels of 107,000 and 2,500; if broken, one can continue to look downwards.
Early morning operation suggestion: BTC: sell around 109,500 to 110,000, target near 107,000; ETH: sell around 2,580 to 2,600, target near 2,510.
In fact, many friends who have been continuously laying out and profiting recently can see it clearly. The current market is primarily in waves, and the publication is effective, with specific real-time guidance being the main focus.
