7.11 Market Trend Analysis



BTC “Silk Road” reference layout
Entry range: around 64,100—64,500
Stop-loss: above 65,000
First target: 63,000, second target: 62,000

ETH “Silk Road” reference layout
Entry range: around 1,800—1,820
Stop-loss: above 1,840
First target: 1,730, second target: 1,690

After the 4-hour chart pushed up to a high and then hit resistance, the price rolled back from the Bollinger upper band. The current price is ranging/oscillating around the Bollinger middle band; chasing trades is extremely easy to repeatedly lose money.
On the 15-minute chart, there is already the beginnings of an inverse head-and-shoulders bottom, but the right shoulder has not been confirmed. Without breaking the neckline, this is a trap.
The overall downtrend remains unchanged. This round is only a downward iteration for repair and rebound—do not get deceived by it. For the trading idea, rebound into shorts #美伊战争阴云再起 #GateUS合规扩展佛罗里达 #美股AI概念股普涨 $BTC $ETH
BTC0.04%
ETH0.35%
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