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7.18 Jinglu Big Cake Morning Quick Review
Based on the current 15-minute chart, after BTC previously surged to touch the Bollinger upper band at 64358.8, the bullish force immediately petered out. Throughout the move, it had no strength to break through the strong resistance zone above. The price has been oscillating and falling continuously from the high, and is currently trading around 63946, with a very clear bearish pressure stance.
On the indicators, things are weakening in sync: the KDJ values keep sliding down, staying in a low and slightly weak range; the MACD red bars keep shrinking; bearish volume is gradually accumulating. Short-term rebounds have no staying power—every small uptick will be hit by sell pressure.
This rally has already completely played out. The overhead channel resistance is firm, and the sideways oscillation in the short term is only a brief pause during the decline. The overall trend of downward adjustment has been confirmed, and the bearish market is about to continue.
Trading Advice
Short 64200-64800
Target range 61000-60500$BTC #USDT充值理财双重奏 #ETH站稳1900美元