7.20 Market sentiment analysis

SOL Silk Road reference layout
Entry range: around 77-78
Stop loss: above 79.5
First target: 75, second target: 73

At dawn, price spiked up with a probe at 77.39, then quickly fell back and closed with a long upper wick. In the short term, funds concentrated to take profit and exit; overhead sell pressure is heavy, bullish momentum has been exhausted, and it is unlikely to break the previous high in the near term.
BTC and Ethereum both surged and then retreated in the same move. This rally is only a short-term capital impulse, with no long-term funds stepping in; bids quickly fade. 77.39 is strong intraday resistance. As long as it is not broken, every rebound is an opportunity to short; there is no bullish reversal signal. In the daytime, only do shorting on rebounds; no counter-trend bottom-picking is allowed. #ETH站稳1900美元 #USDT充值理财双重奏 #GUSD年化升至3.8% $BTC $ETH