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7.16 Market Trend Analysis
“Er Bing” Silk Road reference layout
Entry range: around 1920—1960
Stop-loss: above 1970
First target: 1850, second target: 1800
Yesterday only just saw a volume surge and a large bullish candle was pulled out; today it directly fell back and closed with a bearish candle. The momentum from the prior rally has completely weakened, and a short-term pullback needs to begin. The overall major trend hasn’t fully turned bearish yet, but the MACD red histogram keeps shrinking, the fast line is moving downward, and the bulls don’t have enough follow-through. Near term, the downside pressure is getting stronger #ETH站稳1900美元 #USDT充值理财双重奏 #美军结束对伊朗新一轮打击 $BTC $ETH