July 14 midday analysis

On the 4-hour cycle, MACD remains at a high level with a dead cross; both lines continue running downward. The bearish green histogram remains in an expanded-volume state for a long time, and medium- to long-term bullish momentum has fully dried up. Currently, only a slight reduction in the histogram appears, indicating that bearish momentum is temporarily exhausted, but no golden cross reversal signal has formed. From the trend perspective, the bearish-dominant pattern remains unchanged. In the short term, RSI6 has fallen to 23.86, hitting the oversold range of 20-30, and since the market has experienced a prior run of consecutive declines that exhausted bearish power, the chart shows a slight pullback and stabilization repair. However, the medium- to long-term RSI on the 12- and 24-period cycles is still moving down and the values have not recovered back into the neutral range. This consolidation is only a technical buffer repair within a downtrend and does not have the fundamental conditions for a reversal and strengthening. Onefan personal suggestion: around 62,900-63,600, the target is around 61,800-61,200#BTC #ETH #BTC走势分析