July 14 Market Outlook



The “Big Pie” (daily) closed with a large bearish candle with expanded volume as selling pressure was released in a concentrated way, and the downward trend has been officially established.

On the 4-hour timeframe, the current price is 62,450. Price is firmly capped below the EMA7, EMA30, and EMA120 moving averages; all three lines are aligned bearishly. The short-, mid-, and long-term trends are weakening in sync. Rebounds are resistance—so the trading approach should be trend-following shorts, strictly controlling leverage and not trying to buy the dip against the trend.

Big Pie: Short on rebounds at 62,500—62,700. The first target is 61,200, and the next target is 60,000.

Second Pie: Short on rebounds at 1,760—1,780. The target is 1,700, with downside to 1,650.
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