7.11 Evening Silk Road

You can tell from the four-hour chart: every time it pushes up to the overhead resistance line, it gets smashed back down. It’s currently stuck in a range, bouncing back and forth with big swings, getting pulled and poked both ways.

Don’t enter a trade based on this kind of “grinding” market conditions casually—it’s easy to lose money back and forth.

Right now, the selling-down pressure is clearly stronger. Each small rebound doesn’t go far, and there’s very little incoming support on the lower side. In the short term, it’s hard to directly turn around into a strong move; overall it’s bearish.

BTC: around 64,800-65,300, look for price toward 63,400-62,900.
ETH: around 1,830-1,870, look for price toward 1,760-1,720.
$BTC $ETH #预测世界杯挪威VS英格兰