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7.17 Jinglu evening BTC brief review
From the Bollinger Bands chart, it is clearly visible that the rebound after this round of decline is only a short-term correction. After price touched the Bollinger middle band, it immediately met strong suppression, and the upward breakthrough momentum was completely exhausted. The yellow upper band above forms a heavy resistance zone; every time there is a modest push higher, a large amount of sell pressure pours in, and the bulls have no sustained attacking power. The overall downtrend has not changed in any way. This rebound’s upside has already been fully used up, so in the evening the market will inevitably turn back down again, continuing to test the support levels below. The bearish trend will once again take control of the chart.
Trading advice
Short from 1850-1890
Target range 1720-1700
$BTC #USDT充值理财双重奏 #ETH站稳1900美元