7.15 Afternoon Outlook



Last night it surged to around 655 and then pulled back slightly. It is currently trading around 648. After probing the highs, it failed to hold above. Multiple attempts to break upward met resistance at the upper Bollinger Band rail, which came under pressure and triggered pullbacks. The Bollinger Bands channel has gradually flattened and is converging. The upward momentum on the board from the long side is clearly weakening. Sell pressure from above continues to show up. Today’s game plan: sell (short) on bounces and do it cautiously!

Execution

On a rebound into the 651-656 range, open a light long position, and leave room to add on dips. The first target is to watch the 643 support. If that support breaks, continue probing down to 638. If it breaks further down, continue to watch 618-625$BTC $ETH #盘前合约上线长鑫存储
BTC-1.20%
ETH0.17%
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