7.23 Jack morning: Bingbing big chart analysis

The early peak before the chart was 1940.66. The overall trend has been fluctuating and declining all the way down. Price has been running continuously below the moving average system. The market has repeatedly shown a weak pattern of making lower highs and refreshing lower lows, with the lowest dip reaching the 1925 level.

Although there were multiple small rebounds and repairs in the middle, the rebound strength was very limited. Each time it rose to hit the moving-average resistance, it would come under pressure and fall back, unable to form a sustained upward move. At this stage, the price is again approaching the prior low-range area, and the bearish momentum has not yet become clearly evident.

The current overall market outlook is still weak. It’s not suitable to rush into a counter-trend position to gamble on a rebound. You can patiently observe whether key support holds or breaks, and only make a plan after the chart shows a clear stop-decline signal.

Trading advice: trade the range with “duo”
Trading range: 1900-1920
Stop-loss defense: 1880

Ziying tiered entries
1️⃣ Ziying target: 1940
2️⃣ Ziying target: 1959# Ethereum #区块链