7.3 Morning Market Insights

The big surge of Bitcoin yesterday blew up countless players, even the whales couldn't escape. Regarding the whale liquidations, it's hard to know how many people fell before dawn in the spot market. Countless people cut their losses yesterday, and now it's too late to slap their thighs and pound their chests in regret. The loudest calls yesterday came from tariffs by Old Chuan, not realizing that large institutional whales skillfully took advantage of this issue to successfully crash the market.

From the 4-hour chart perspective, the market currently shows a short-term neutral to bullish trend, but the battle between the bulls and bears is becoming increasingly intense. Technical indicators display a clear divergence: the KDJ has entered a severe overbought zone, and the risk of a short-term pullback is accumulating; although the indicators still show that the bulls have the advantage, the momentum indicators have begun to show signs of exhaustion, necessitating caution regarding the possibility of a technical adjustment. Overall, it is advisable to maintain a view of a pullback and consolidation during the day.

Trading suggestion: Short Bitcoin around the current price of 109100-109500, with a short-term target of 107800-108300. Short Ethereum around the current price of 2590-2600, with a short-term target of 2530-2520.