7.23 Big Cake Analysis

Analysis: On the rebound, look for opportunities to trade around 663-668; look at 655-645, and defend 673

After pushing up to the 663 high point, it met pressure and dropped back. In the short term, the moving averages have turned downward; they have shifted from support to resistance. The market has formed a double-top pattern; the rebound highs have been gradually moving lower, and the bulls’ attack strength continues to weaken. During this current downward move, the bears’ selling pressure has been continuously released; the price has repeatedly broken below the short-term moving averages, and the market’s focus keeps sinking. In the short term, it has entered a correction phase. Resistance is concentrated around the moving averages; subsequently, if the rebound returns to the pressure zone, there will be opportunities to short. Pay close attention to the prior low at 655; once it is effectively broken, the room for further downside during the correction will expand. #Gate事件合约首发狂欢 #GOOGL财报亮眼但盘后跌超3% $BTC ‌