7.10 Afternoon Analysis

BTC has strongly broken through new highs, with the triangular consolidation pattern choosing to break upwards, clearly stimulated by news in the early morning, directly pushing the price to create a new interim high. In the afternoon, the price fluctuated within the range of 110800-111200.

Currently, the daily level has successfully broken through the key trend line and stabilized. The technical structure has clearly risen, and there is a possibility for the trend to continue. However, the differentiation in the market is also very evident and needs to be taken seriously.
Although the daily line closed as a bullish candle, the upper shadow is very long, indicating that there is considerable pressure above. Signals of a weakening short-term trend have already appeared.
The 4-hour chart has continuously closed in the red, showing signs of a pullback in the short-term trend, and bearish momentum is building.
Although the MACD is still above the zero line, the momentum bars are clearly slowing down, indicating that the upward momentum is weakening, the trend reversal pace is relatively slow, and it is leaning towards neutral.
The 1-hour timeframe has also seen continuous bearish candles, with the price maintaining within a consolidation range. There have been attempts to build a底, but no obvious signs of a strong reversal have been observed yet.

Overall, the short-term bullish momentum is weakening, and there are clear signs of pressure from above. In terms of operations, attention should be paid to the rhythm, and caution should be exercised against chasing highs.

Personal suggestion
Bitcoin: Enter the range of 111200-111700, target down to 110000, if broken, look at 108500.
Auntie: Enter the long position in the range of 2800-2830, with a target to look down at 2730, and if it breaks, look at 2600.
#晒单有奖# #BTC再创新高#