7.16 Market Overview Analysis


BTC Silk Road reference layout
Entry range: around 64,800—65,300
Stops: above 65,500
First target: 63,500, second target: 62,500
BTC’s daily chart only saw a breakout with strong volume the day before yesterday, but yesterday it immediately reversed and plunged, closing with a long upper wick bearish candle. The bulls couldn’t push at all; trading volume continued to shrink, and profit-taking positions fled one after another. The market has entered a pullback from a high level.

MACD has formed a death cross; bullish volume is continuing to decline. Short-term moving averages have turned down and are under pressure. The pullback trend is essentially set in stone now. #USDT充值理财双重奏 #ETH站稳1900美元 #美军结束对伊朗新一轮打击 $BTC $ETH
BTC0.10%
ETH3.02%
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