7.14 BTC Analysis

Yesterday’s swing target 61800 has arrived! And again, 2600 in typical blast-and-turn action! The whole “stone-level formations” are also having a day of loud “eating meat”！！

On the 1-hour timeframe, after the double top was constructed at 64411, the bulls’ momentum has completely run out. The price decisively broke through the key support at the Bollinger middle rail in one move. The Bollinger channel has shifted from prior horizontal consolidation convergence to a one-way downward widening. A complete downward trend channel has already taken shape. The price kept pushing down all the way until it briefly stabilized after hitting the 61806 low.

The small bullish rebound currently appearing on the chart is only a technical oversold rebound after a deep selloff. It falls into a typical downtrend continuation pattern. The RSI indicator has risen from the low oversold zone back to the neutral range, and it has not generated a strong bullish counterattack signal. The Bollinger middle rail at 62452 has flipped from support into a strong resistance level, which is also the key area of pressure for this round of rebound. The MACD double lines remain steadily running below the zero axis, and there has been no obvious weakening in the bearish energy histogram; the overall downward momentum still remains.

Trading suggestion: 62800-63300, (箜) targets 60800-61300.

$GT $BTC $SOL