7.22 morning outlook


From the four-hour chart, it’s clear that after the market continuously printed five strong bullish candles and surged, it has entered a technical, normal pullback-and-repair phase. Current price is moving steadily along the upper band of the Bollinger Bands, and the pattern where the bulls control the market remains solid

In the evening, the price pushed up to the intraday high point and then saw a slight pullback, but the downside room is very limited. Overall, the uptrend structure remains intact. Don’t over-panic about this adjustment—this is the main force building momentum by washing out floating positions before breaking through key resistance, not a signal of trend reversal

Big bro pulls back to 65,500, holds firm at 66,000, then looks up to 67,000 and 68,000

Second bro pulls back to 1,880, holds firm at 1,910, then looks up to 1,950 and 2,000
$BTC $ETH $IOST
BTC-0.22%
ETH-1.07%
IOST-2.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
MoMo'er
· 2h ago
7.22 morning outlook
From the 4-hour chart, it’s clearly visible that after the market consecutively printed five strong bullish candles and surged upward, it has entered a technical normal pullback and consolidation phase. Current price continues to move steadily along the upper band of the Bollinger Bands, and the bulls still control the market structure firmly.

After the evening price pushed up to the intraday high point, it saw a slight pullback, but the downside room is very limited. Overall, the upward structure remains intact. There’s no need to over-panic about this adjustment. This is the main force’s buildup to clear floating chips before breaking through a key resistance, not a signal of a trend reversal.

Big brother: pull back to 65,500, 66,000 holds firmly, then target 67,000, 68,000.
Second brother: pull back to 1,880, 1,910 holds firmly, then target 1,950, 2,000.
$BTC $ETH $IOST
View OriginalReply0
  • Pinned