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7.16 Jinglu Evening Brief
BTC surged higher early on but met resistance and formed a clear pressure zone. This rebound is only a technical correction after the decline. The bulls seriously lack momentum, and the upside resistance is clearly suppressing price. During the rebound, sell pressure repeatedly hit the market; the rebound potential has essentially been reached. The bulls are powerless to further extend the move upward. Overall structure still remains in a weak pattern. A further sell-off and downside pressure in the evening is the most likely direction, and the downside room has been gradually opened.
Trading Advice
Short from 64,700-65,200
Target range: 62,000-62,500$BTC #USDT充值理财双重奏 #ETH站稳1900美元 #美军结束对伊朗新一轮打击