7.1 Evening Analysis

On the 4-hour chart, the price has tested the lower Bollinger Band multiple times, and the Bollinger Bands are starting to slightly open. The short-term moving averages show a tendency to turn downwards. The MACD fast and slow lines continue to extend downwards, with increasing volume; the KDJ is running downwards, and attention should be paid to the support near the 0 value. The VR is oscillating around the 100 value. Overall, after several days of consolidation, Bitcoin's weak characteristics are gradually becoming evident. In the short term, it is recommended to maintain a bearish outlook. If the key support level of 106,000 is broken, an accelerated decline is expected.

Suggestion
Bitcoin: Look around 107200-107800, and pay attention to 106200-105800.
Er Bing: around 2460-2480, look at around 2430-2400