7.16 Order Book Market Sentiment Analysis



BTC Silk Road reference layout
Entry zone: around 64,800—65,300
Stop-loss: above 65,500
First target: 63,500, second target: 62,500

ETH Silk Road reference layout
Entry zone: around 1,920—1,960
Stop-loss: above 1,970
First target: 1,850, second target: 1,800

BTC daily chart: it only saw increased volume and a rally two days ago, but yesterday it immediately turned around and dropped sharply, closing with a long upper-wick bearish candle. The bulls can’t push through at all; trading volume continues to shrink; profit-takers have been fleeing one after another, and the market has entered a high-level pullback.

MACD has formed a death cross. Bullish volume continues to deteriorate, short-term moving averages have turned down and are under pressure. The next pullback trend is essentially set in stone #ETH站稳1900美元 #USDT充值理财双重奏 #PreIPOs第二期OpenAI认购
BTC-0.77%
ETH-1.96%
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