7.9 Evening LAB Market Analysis – Shiyuan's View

The trend is extremely weak. After a waterfall decline from the high of 2.769, it is now in a state of continuous gradual decline. Bounces are weak, moving averages are bearishly aligned – a classic "slow boil" bearish pattern. Current price 0.868, just one step away from the previous low of 0.807.

The bulls have no power to resist; any bounce is a trap. Buying a bounce now is like catching a falling knife – following the trend short is the only way to go. Once it breaks below 0.80 support, an accelerated decline will begin.

Main strategy (short at high): Short directly on a rebound to the 0.9000 – 0.9300 range.
Stop loss: 0.9600
Target: Breakdown to 0.8000, then further to 0.7200.

Secondary strategy (breakdown chase): If the price breaks below 0.8000 with a solid candle, and retracement fails to reclaim it, continue shorting – there is huge downside space.

One sentence summary:
Trend is down, sell on any bounce! $BTC $LAB