7.7 Evening Analysis



Looking back at noon, the pancake fell from 109700📉 to 108600📉 at noon, and then oscillated in the range of 108600-109100.

From the hourly BOLL perspective, the three lines are running in a parallel state, with the middle track becoming the key axis line for short-term competition. Parallel lines typically signal a decrease in market volatility and a temporary balance of forces. The oscillation of the market within a narrow range belongs to a "converging consolidation" pattern, with volatility converging, indicating a buildup before a directional choice. This suggests that a directional choice may be faced in the short term.

After the MACD double lines form a death cross above the zero line, the distance between the two lines continues to widen, and the fast line accelerates its deviation downwards from the slow line, while the green momentum bars gradually lengthen. The death cross above the zero line indicates that the strength of the market is weakening, and the short-term dominance begins to be taken by the downward trend. This suggests that the momentum of Dian Wei📉 is gradually being released, and the short-term 📉 trend may continue.

The big pancake is arranging near the 109500-110200 range.
Target can be seen → near the range of 108000-107200
The two cakes are positioned near the 2600-2650 range.
Target can be seen → near the 2520-2480 range
#BTC# #ETH#
ETH-2.69%
BTC-0.85%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)