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Jinglu

7.6 Jinglu BTC Evening Brief Review



After a high-level pullback, the market experienced a sharp and heavy decline. Short-term bearish momentum has been fully released, and only minor volatile rebounds for repair are expected in the short term. All moving averages across various timeframes are turning downward, firmly locking the downtrend on the chart. This phase of recovery is merely a buffer pause in the middle of the decline. Once the rebound meets resistance, bearish momentum will kick in again, and the overall trend will remain weak going forward.

Trading Suggestions
Short at 621000-62600
Target Range 60000-59500$BTC $HYPE $ZEC #gStocks代币化股票上线 #现货黄金站上4200 #7成离岸人民币结算经港完成
BTC1.88%
HYPE2.99%
ZEC-2.71%
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CandlestickChartsUnderThe
· 1h ago
The short position at 62100-62600 is set quite interestingly, but I'll have to wait and see if the volume can keep up.
View OriginalReply0
FragmentGlowFlower
· 2h ago
The short-side momentum has indeed been released, and it's time for a breather. But the fact that all moving averages are turning downward is quite critical; a rebound is an opportunity.
View OriginalReply0
GlitchOrchard
· 3h ago
#BTC This price action is pretty much as I guessed; after a high-volume sell-off at the top, there's no way it can V-reverse. Continue to be bearish.
View OriginalReply0
Post-RainTvl
· 3h ago
Targeting 59500? A bit aggressive, but not impossible, considering the moving averages across all timeframes are pressing down too hard.
View OriginalReply0
GateUser-6fd3205e
· 4h ago
Don't get carried away by this recovery rally; this kind of bearish continuation pattern is the most deceptive. I was tricked once before.
View OriginalReply0

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