7.9midday analysis

Looking back at midday, the big coin dropped from the point of 109200 to 108200. It shows a downward pressure and the short-term downward momentum can be clearly released.

The hourly Bollinger Bands show an expanding opening pattern, with the upper band maintaining a flat state, while the middle and lower bands extend downward at a certain slope. This structure indicates that the current market has exited the previous oscillation range and entered a biased trend run phase. The momentum at the lower end is likely to dominate in the short term, and there exists the possibility of further downward movement.

Meanwhile, the MACD double lines continue to operate below the zero axis↓, and the gap between the two lines continues to widen, with momentum simultaneously strengthening, indicating that the momentum remains consistently released without signs of exhaustion. The continuation of the short-term↓ downward trend is effectively corroborated by the momentum indicators.

The pancake can be arranged near the range of 108800-109500.
The target can be seen near the range of 107800-106800.
The two cakes can be placed near the range of 2620-2650.
The target is visible around the range of 2560-2530.
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