7.2 BTC Silk Road Reference Short Layout



Entry Range: 60200—60500
Stop Loss: 61500
First Target: 59500, Second Target: 58500

Technical Analysis

1. Bollinger Bands Structure

Current price 60176 is above the middle Bollinger Band, the Bollinger channel is converging upward, the previous low of 59555 remains a valid support, and the previous high of 60298 forms a strong short-term resistance.

2. Candlestick Trend Structure

The market started a stepwise rise from the low of 59555, faced resistance after hitting 60298 and pulled back, then consolidated and recovered back above the middle band. It is overall in a rebound consolidation range. The bullish trend has not been completely broken, but the upward momentum is slowing down. #CryptoCircle#Strategy拟回购股票 #Circle股价重挫17% #TradFiCFD黄金大师赛 $BTC $ETH
BTC3.01%
ETH2.56%
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