7.8 Morning Market Analysis

Time doesn’t stop, but hard work makes days more valuable—don’t just think, take action, and make today better than yesterday. Reviewing the previous market, Bitcoin surged to around 64,600 early yesterday before facing resistance and pulling back, forming a broad range-bound consolidation pattern in the short term. After the upward trend of the past few days, the market has entered a phase of sideways accumulation. Based on the current chart, Brother Ning boldly predicts that after the consolidation, a pullback is inevitable, so go short directly above 64,000!

Looking at the current market, firstly on the daily timeframe, the price has now approached the previous starting point, with increasing resistance above. The three Bollinger Bands are running parallel, and the price is at the high end of the middle and upper bands—a pullback is a natural market rule. Moving to the 4-hour timeframe, it’s clear that the upward momentum has slowed, and volume isn’t cooperating well, lacking continuity. The middle band serves as support below, and multiple tests of this level show its stability, also indicating that the market is currently biased toward bearishness. The short-term strategy is to sell on rallies. Once the price rebounds above 64,000, that’s our best entry opportunity. Follow Brother Ning’s real trading signals to seize every market move!

BTC: Short near 64,000, target 62,500

ETH: Short near 1,800, target 1,720
#GUSD年化升至3.8% $BTC $ETH