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July 14 evening BTC and ETH market observation in Qingchuan
From the daily timeframe trend, the core asset yesterday saw increased volume and closed with a large bearish candle, further confirming that the overall downtrend has taken shape.
Switching to a 4-hour timeframe to analyze the MACD indicator: the DIF and DEA lines are both stably operating below the zero axis; the DIF line remains under continuous pressure and stays below the DEA line, and the earlier bearish momentum green histogram continues to expand.
Although the downward momentum of the indicators has slightly weakened recently, the overall bearish-dominated market structure has not reversed.
Trading reference ideas:
BTC: You can short in line with the trend in the rebound resistance range 62,700-63,000. The first support below is 61,500, and the second target is 60,500
ETH: If the rebound reaches the 1,780-1,800 range, follow with short positions. Downside targets are 1,700 and 1,650#PreIPOs第二期OpenAI认购 $BTC