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7.18 Jack BTC market overview analysis and strategy
After dropping to yesterday’s low of 62536.4, it rebounded, surged to a high of 64391.9, then fell back into consolidation and oscillation. The current price is 63967.2. In the short term, the 7-day moving average is just propping up the current price, while the 30-day line is above, forming downward pressure. The short-term price action is in a high-range sideways “grinding” state. The MACD indicator has already turned downward, and bullish momentum is continuing to fade. Resistance around 64400 is strong. If it can’t break through that range, the short-term is likely to maintain a sideways-to-down oscillation trend.
Today’s strategy: short within the range
Entry range: 64800-65300
Stop-loss / defense: 65800
ZhiYing tiering
1️⃣ ZhiYing: 63000
2️⃣ ZhiYing: 62500#币圈#