7.18 Jinglu Evening Brief Review

Current BTC is under pressure near $64,131, sitting at the vicinity of the upper Bollinger Band; the KDJ golden cross has weak momentum and MACD bullish momentum is fading. While net capital inflow has reached $189 million, the increase in open interest has slowed down. The basis is trading at a discount (backwardation), reflecting the market’s cautious approach to chasing longs. Price is consolidating in a narrow range between the Bollinger middle band and upper band. $64,358 forms short-term resistance above, while $63,917 is the first support level below. Overall, bearish signals have strengthened, but be wary of needle-like price spikes in the low-liquidity environment in the early morning.

Trading Suggestions
Short from 64,200-64,500
Target range 62,000-62,500$BTC #USDT充值理财双重奏 #ETH站稳1900美元