7.16 Market Overview Analysis

SOL Silk Road reference layout
Entry range: around 77.90—79.01 near #PreIPOs第二期OpenAI认购
Bias line: above 63,600
First target: 76.90, second target: 79.5

After falling from the high point of 79.01, the medium- to long-term moving averages have been pressing down across the board the whole way, and the larger downward trend remains unchanged. Each time the price rebounds, its high is lower than the previous one; the bulls have no strength to take over the order flow. Rebound bullish candles keep getting smaller, and all the way above is trapped-sell and de-leveraging pressure from those looking to get out and exit positions. This short-term minor rebound is only a weak repair—once it hits moving-average resistance, go short immediately from the top. Support to watch is 76.64; if it can’t hold, it will open up a deeper pullback #USDT充值理财双重奏 #ETH站稳1900美元 $BTC $ETH