7.15 Jinglu Big Pie Evening Review

After this round of upward move surged and topped out at the 65265 high, the upward momentum continued to weaken. On an hourly timeframe, price has remained under pressure and been ranging in the high zone; multiple attempts to probe higher failed to effectively break to new highs. Technical indicators also show weakening signals in tandem: the KDJ indicator has continued to decline from the high level, while MACD bullish momentum keeps shrinking and has formed a dead-cross pattern.

After a continuous rally, the market has accumulated a large amount of profitable positions. Bullish participation has clearly cooled, and selling pressure above gradually increases. The high-range consolidation pattern is difficult to sustain. After the remaining buy orders are digested in the short term, the market has conditions for a pullback and adjustment. Going forward, we continue to look bearish.

Trading suggestion
Short from 65000-65500
Target range 62000-61500$BTC #BTC反弹触及65000美元 #沃什重申坚守2%通胀目标 #PreIPOs第二期OpenAI认购