7.4 Market Analysis

Yesterday, the market trend during the day was still bullish. After a brief adjustment in the Eurasian market, the price reached a maximum of around 30,800, but the bottom closing line did not fall below substantially. In the evening, the price continued to rise in the US market. The highest reached around 31,400. After several waves of small corrections, it is still firmly above 31,000.

Judging from the 4-hour chart, the Bollinger Bands open and run upward, and the K-line has two consecutive positive tops to open an upward channel. Yesterday, in the morning strategy, there was a clear reminder that the bullish trend is still there. The previous high was temporarily under pressure, and a double top pressure was formed in the short term. , currently stands firmly above 31,000, and intraday operations still maintain the callback and long thinking. BTC: Callback around 30400-30600, long target 31200, defense 29900. ETH: Go long around 1930-1920, target 19800, defend 1870