July 11 Qinchuan market outlook

Big brother’s four-hour chart volatility range is very small. The buy/sell capital has decreased, and the price is oscillating back and forth between 64,100 and 64,200. The strength on both sides of the range is about the same—no one has managed to gain an advantage.

MACD’s two lines are still above the zero axis, and the fast line is still above the slow line. However, the histogram bars are getting shorter and shorter, showing that the momentum to push upward is almost exhausted. Next, the market will either trade sideways to wear time out, or the price will pull back downward.

Practical plan
Big brother: If the price moves to around 64,200, you can look for a bearish move. First target is 63,200, then look for 62,600 afterward.
Second brother: Set up bearish positions on the rebound into the 1,800–1,820 range. Downside targets are 1,700–1,650#美股AI概念股普涨 #btc