As of July 8, 2025, the real-time price of Bitcoin is $108,300.7. In the bull-bear battle, the price repeatedly tested the $110,000 level before retreating, forming a three-peak structure with a left shoulder, head, and right shoulder. If the price effectively breaks below the right shoulder support at $96,000, it indicates that the bulls are likely to lose control, and the market will enter a new round of decline.

Current Price and Trend

The current rise of Bitcoin began in mid-June, with a significant expansion in the range, accumulating an increase of over 25%. However, starting from the beginning of July, the momentum has slowed down, with bulls and bears fiercely battling in the $108,000–$110,000 range, showing characteristics of top consolidation.

Detailed Explanation of Form Composition

• Left shoulder: The price pulled back to $104,500 after bouncing from $104,000 to $112,000;
• Head: The second high reached 114,500 USD, then oscillated back to 105,000 USD;
• Right shoulder: The third attack only reached 110,000 USD, failing to set a new high, and once again fell back to 96,000 USD.

Interpretation of Key Technical Indicators

• MACD Death Cross: The MACD line has crossed below the signal line, indicating a weakening of short-term momentum;
• Bollinger Bands Opening: The upper Bollinger Band is under clear pressure, while the lower support level is around 96,000 dollars;
• Trading volume: The trading volume on the right shoulder is smaller than that of the head, indicating a lack of bullish follow-through, which increases the probability of a pullback.

Operation Process and Risk Control

1. Observation Confirmation: Wait for the price to close below 96,000 USD on the daily level before entering a position;
2. Enter in batches: The first batch of short positions can be entered in the range of $100,000–$98,000, and the second batch can be added after breaking below $96,000.
3. Take Profit and Stop Loss: Set the stop loss at $98,500, and take profit can be gradually realized in increments at $90,000 and $86,000.
4. Position Management: Control the maximum daily drawdown within 5% to avoid the risk of liquidation due to sudden news.

Investor Mindset Advice

• Be patient: Do not frequently adjust your strategy due to short-term fluctuations;
• Strict Discipline: Execute pre-set stop-loss and take-profit orders to avoid emotional trading;
• Continuous learning: Pay attention to market trends and changes in technical indicators, and constantly improve your own trading system.