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7.22 morning outlook
From the four-hour chart, it can be clearly seen that after the market continuously formed five bullish candles and surged strongly, it has entered a technical, normal pullback and consolidation phase. The current price continues to run steadily along the upper Bollinger Band, and the overall pattern of bulls controlling the market remains solid.
After evening prices surged to the intraday high point, there was a slight pullback, but the downside room is very limited. Overall, the uptrend structure remains intact. There’s no need to overreact or panic about this adjustment—this is the main force’s buildup to break through key resistance by flushing out floating positions, not a signal of trend reversal.
Big brother pulls back to 65,500; 66,000 holds firmly; looking up at 67,000, then 68,000.
Second brother pulls back to 1,880; 1,910 holds firmly; looking up at 1,950, then 2,000.
$BTC $ETH $IOST
From the four-hour chart, it’s clear that after the market continuously printed five bullish candles and surged strongly, it has entered a technical, normal pullback and consolidation phase. Current price is steadily running along the upper Bollinger Band, and the bulls’ control of the market remains solid.
After the price pushed up to the intraday high during the evening, it saw a slight pullback, but the downside space is very limited. Overall, the uptrend structure remains intact. Don’t be overly worried about this adjustment; this is the main force’s accumulation to shake out floating positions before breaking through a key resistance, not a signal of a trend reversal.
Big bro: pull back to 65,500, stabilize around 66,000; look up to 67,000, 68,000.
Second bro: pull back to 1,880, stabilize around 1,910; look up to 1,950, 2,000.
$BTC $ETH $IOST