7.17 evening analysis

It’s Friday evening again—weekend is coming right up. Everyone, manage your positions and do spot orders with discipline, so you don’t get stuck because there’s no movement over the weekend. The limit order at the current price I gave last night also hit 62,600. Every time I give you a current-price order, everyone needs to take it seriously. At present, we’ve successfully taken down 2,000 Dudian orders and managed to stop the losses, and we’ve perfectly reached the target position. Let’s take a look at the current market.

After BTC surged and touched the 65,600 level and phase peak, the long side’s upward momentum has completely dried up. The current market quote is 63,164, with a 1.28% drop today. Today’s trading range is 62,666—64,896. Market trading volume is 980 million, with net outflow of capital of 8.0946 million. Large sell orders are continuously suppressing the order book, and only a small amount of bottom-fishing capital can’t offset the short-side selling pressure, so it’s unable to reverse the overall downward pace.

The price has been falling back all the way from the Bollinger Band upper rail and has now effectively broken below the Bollinger middle-rail support. The unilateral uptrend that had been going on for a long time has officially entered a deep pullback phase.

YiFan’s personal suggestion: place orders around 63,500-64,300; target around 62,500-61,800 #BTC #ETH #BTC走势分析