Insights on Bitcoin's morning market on Monday, July 8

It's a new week again, and everything is brand new. Bitcoin took a step forward in the weekend market, and then fell back after visiting the primary 68,500 area. It is currently around 56,300. In Saturday's thinking, we are firmly bullish, and the big cake order is also a perfect sound, and it is also Xiaofu's first 1,500-point space. The short-term gains are exhausted, and the market will continue to pay attention to the decline in the market. Participate with a high-altitude thinking.

The short-term gains have been curbed, and the main structure is still in a bearish form. The daily line closed in the negative, and the downward trend has recovered all the short-term gains. The bears once again dominate the current market sentiment. In a weak market, the rebound is only for a better downward exploration. Therefore, while we continue to be bearish in the near future, we only remind everyone to be bullish in the short term. The downward trend of the daily line has not changed, so the operation continues to maintain the same bearish thinking.

On Monday morning, it is recommended to short Bitcoin around 56800-57200, and the target is around 55000-54000. On Monday morning, it is recommended to short Ethereum around 2960-2980, and the target is around 2850-2800. i#btc