Morning analysis on 7.9



The market is experiencing significant fluctuations, and short-term players must be very cautious. I have a hunch that BTC will enter a range-bound consolidation phase next. Although it has risen to the 109,000 level twice, it faced strong resistance, causing it to retreat without stabilizing. The market has entered a consolidation stage. Currently, trading volume is gradually decreasing, reflecting insufficient bullish momentum. From the four-hour candlestick chart, the situation appears quite complex, with fierce competition between bulls and bears, and no clear one-sided trend.

Based solely on the current interface information, it is difficult to accurately predict the future trend of Bitcoin. From a short-term technical perspective, the direction is unclear; although market sentiment is somewhat bullish, it needs to be further confirmed in conjunction with data such as capital flow. Macroeconomic and industry factors are also full of uncertainty, and any changes in these factors could lead to significant fluctuations in Bitcoin prices.

Recommended operation:
btc short at 109000-109800, target at 107900, if broken look at 107400

etf 2610-2660 short target at 2520, break below look at 2500 #Gate广场创作者星火计划#
BTC1.9%
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