7.13 Mid-day Analysis

After holding on for 2 days, you finally couldn’t take it and came down, right, brothers—you’ve all had your meat, right? Currently, $BTC ’s entity has formed consecutive large bearish candles, breaking through two support defense lines: the Bollinger middle band and the lower band. The Bollinger middle band has completed the switch in long/short attribute: it has changed from a former support area into a key core pressure level for the next phase; the current price is moving to the outside area of the Bollinger lower band, and the chart has entered a short-term oversold condition.
​ If the price action continues to move downward while being pressured under the outside of the lower band, the pullback room in the short term will keep expanding; if, instead, it starts a rebound and repairs by relying on low-level support, the previous Bollinger lower band will turn into the first round of suppression, and after the rebound the subsequent price action will still have to withstand the stronger selling pressure brought by the Bollinger middle band. Onefan’s personal suggestion: 64300-64900 area 箜, target 63200-62500 area #BTC #ETH #BTC走势分析