Morning analysis of Bitcoin and Ethereum market on 7.8!

Those who achieve success in the crypto world are not born lucky, but have cultivated a strong inner self and sharp insight through countless setbacks. They calmly analyze during market crashes and do not let greed cloud their judgment during market surges. They understand that market fluctuations are like the changing of the seasons; where there is a cold winter, there will definitely be a warm spring. Yesterday, Bitcoin broke through to a new high, but the bulls are clearly losing strength, with a long upper shadow and signs of fatigue. It is worth mentioning that the key support at 108000 has been effectively broken, and we can continue to focus on short positions around the high.

On the current hourly chart, the price has broken below the support of MA144 and MA169 moving averages, with the center of gravity continuously moving downwards. In the MACD indicator, the green bars continue, indicating that bearish momentum is dominant. In the short term, attention needs to be paid to the effectiveness of the support at 107456 below; if it fails, further declines may occur.

Operational Suggestions Big Coin Strategy: Short around 109000, target: around 107600. Second Coin Strategy: Short around 2550, target: around 2450.

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