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币小仙韩信

Yesterday’s candlestick had a long lower wick, indicating that there is some buy-side support near 62,500.



On the 14th, a bullish candle with a relatively long body appeared, but in the following several trading days the uptrend failed to continue, suggesting heavy sell pressure overhead and that the previous high was not effectively broken.

The RSI value is 51.6, sitting in the neutral zone—neither in the overbought area nor in the oversold area—indicating that the market currently lacks a strong one-way trend.
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ScriptManiac
· 07-18 05:41
The support level is indeed holding up well, but the fact that it can’t rise is also a problem.
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IcebergStill
· 07-18 05:16
This 62,500 support feels pretty solid, but that big bullish candle on the 14th couldn’t even lift the mood—then the next few days just kept fading, which shows the bulls are still hesitant. The RSI is hovering around the middle with no clear direction; so I think it’s better to watch and wait recently.
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L2Wanderer
· 07-18 05:08
From the candlestick patterns, the long lower wicks do give the bulls a bit more confidence, but the sell pressure overhead is simply too heavy—before they can even reach the previous high, price gets smashed down. If over the next few days it can hold above 62,500 and again surge on higher volume, then there may still be a chance; otherwise, it will most likely pull back to find deeper support. RSI at around 51.6 is in that most frustrating in-between zone—not overbought, not oversold—like it’s saying nothing at all. It’s advised to wait for a clear signal before trading; don’t rush to bottom-fish.
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