7.17 Order Book Market Snapshot Analysis

Big Cake “Silk Road” reference layout
Entry range: around 64,200—64,700
Support: above 65,100
First target: 63,000, second target: 62,000

Throughout the entire rebound, volume kept shrinking. This is only a weak correction and repair, with absolutely no sign of a reversal. A deep-dip bottoming move that closes with a small bullish candle is just a brief bounce after the larger drop; there is no “purple-gold” stepping in to take over positions. After the consolidation, the market conditions will continue to move downward.

In recent rebounds, the highs have been lower one after another. The rally front is getting weaker and weaker, and “catching the bottom” can’t prop up the order book. As long as it can’t break through the key resistance level, the downward move is not yet finished #ETH站稳1900美元 #USDT充值理财双重奏 #PreIPOs第二期OpenAI认购 $BTC $ETH