7.21 BTC



Overnight, BTC rose slightly and tested the upper pressure range. Overall, it continued to oscillate within the 62,500–65,500 range, but it never effectively broke through the boundaries of the range.
From the four-hour cycle indicators, the Bollinger Bands have continued to narrow and the channel has flattened, and the long/short game has entered a stalemate phase; the KDJ indicator formed a golden cross with a turn upward from the low area, while the RSI gradually returned to the neutral range. The 65,500 level is a very solid resistance: every time price tests upward, it meets large sell pressure and falls back. The candlesticks frequently form long upper wicks, and there is ample selling power overhead.
Trade reference: if the rebound stalls in the 65,300–65,800 range, you can consider opening a short position. The first target is 64,000; after a breakdown, look further down to 63,000#ETH突破1900美元
BTC-0.61%
ETH0.44%
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ColdNightLight
· 07-21 04:54
If you also look at the 4-hour MACD, it’s about to form a golden cross. If it breaks upward together with strong volume, it could be a false breakout that lures longs, making shorting safer instead. Conversely, if it directly breaks down below 64,000, then you can chase the short.
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RwaFarmer
· 07-21 04:54
Bollinger Bands tightening means it’s choosing a direction—over the next few days, it’s likely to break out one way.
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StopLossScale
· 07-21 04:24
Bro, this short-sell idea is pretty solid, but you’ve pushed 65,500 so many times—if it really breaks through, you’ll need to cut the loss quickly.
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