7.9 Morning Analysis

The market is inherently full of variables; sudden fluctuations and missed expectations are the norm. Only by keeping a calm mindset can one see the trend clearly. Today's market logic is clear, dominated by the US-Iran geopolitical conflict. At the onset of geopolitical risk, Bitcoin quickly fell under pressure. The morning analysis clearly identified short positions as the core operation, locking in the direction of the market movement in advance, and following the trend with a high-short strategy throughout.

From a technical structure perspective: The daily line briefly relied on the mid-band of Bollinger for short-term buffer support, without forming an effective breakout, but this is only a temporary pause in the downward trend; breaking through the support is just a matter of time. The market has formed a standard bearish wave pattern, with a complete downward trend and sufficient momentum to continue. The downward structure of the subsequent wave remains unchanged, and a new round of deep pullback has already been established.

The short-term pattern shows a double-top resistance structure, coupled with a continuous stepwise decline within the day, indicating ample bearish momentum and strong downward inertia. The current market continues to have bearish news, with short positions accumulating, significantly increasing the risk of a second dip; once volume supports a breakout of the current support, a rapid waterfall-style decline may follow.

Bitcoin: Go short around 62300-62800, target around 61400-60900.
Ethereum: Go short around 1750-1780, target around 1700-1670.
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