7.17 Big Cake (BTC)



From the daily perspective, on the 14th a high-volume bullish candle formed, directly breaking through the previous sideways ranging zone. However, over the next two consecutive days, candles closed bearish, nearly swallowing back almost the entire advance made on the 14th. Put simply: the bulls are not holding their ground on the upside, and now the bears have the upper hand. $BTC

For the MACD indicator, over these two days it has turned and started moving downward; the red bars are also getting shorter and shorter. The distance between the two lines is shrinking more and more, indicating that the bulls’ momentum is nearly depleted, and the risk of a pullback is very high. $EVAA

Short near 64,000-64,500, target 62,500, 61,500
$AKE #USDT充值理财双重奏
BTC-1.60%
EVAA-3.87%
AKE16.18%
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DigitalGoldAdvocate
· 1h ago
The daily chart formation really doesn’t look very good: two consecutive bearish candles have swallowed the bullish candle, bullish momentum appears to be fading, and a bearish MACD crossover is expected. Shorting here offers a good risk-reward ratio, but make sure to pay attention to the 62,500 support strength—don’t take on an overly large position.
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GasMan
· 2h ago
The analysis is thorough, the downtrend is clear, and I followed it.
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