July 7 Afternoon Analysis

Yesterday, the market was relatively stable. In the evening, it surged to 90,200 but couldn't hold and fell back. This morning, it dropped to a low of 88,800, with a range of 1,400 points, then rebounded to oscillate around 89,200. Reminder: This rebound is just a short-term correction; the overall trend ahead is still bearish.

Technical overview:

On the 4-hour chart, the price has been moving along the lower Bollinger Band, which continues to move downward. The MACD indicator is turning further down below the zero axis, clearly signaling bearish dominance.
The daily chart also shows a continued downtrend. The previous rebound was suppressed by the bears, with three consecutive bearish candles now, and bearish momentum is even stronger.

Trading suggestions:

BTC: Short positions can be placed in the 89,800–90,300 range, targeting 87,800–88,300.
ETH: Short positions can be placed in the 3,070–3,100 range, targeting 2,800–2,950. #十二月行情展望 #广场发帖领$50