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7.10 Market Overview Analysis
Big Cake Silk Road reference layout
Entry range: 63900 current price short
Sisi Sun: Above 64500
First target: 62800, second target: 62400
The daily trend is still weak. Price is under pressure from the 50/200-day moving averages, and the medium-term downward channel has not changed.
The move at 57700 was only a technical correction after a sharp drop, with a rise of over 10%, lacking fundamental support. The need for a pullback is strong, making a reversal difficult.
The daily K-line keeps narrowing, and upside momentum is lacking. The 4-hour rebound volume continues to contract; buying power is not strong enough. This is already a signal that the rebound has stalled.
If the bulls cannot quickly break through resistance, profit-taking and trapped positions will exit in a concentrated manner, and the price will fall rapidly. #Solana生态ANSEM暴涨 #特朗普宣布美伊停火结束 #USD1链上质押享年化8.88% $BTC $ETH