7.23 evening analysis

On the 4-hour timeframe, the MACD has already formed a death-cross structure: the DIF line has crossed below the DEA line; the bullish momentum histogram continues to contract, turning green again; and the upward driving force has weakened significantly. Although the two lines are still running above the zero axis and the medium-to-long-term bullish foundation remains, short-term bearish momentum continues to accumulate, making it difficult for a short-term continuous surge higher to reappear.
In the short term, the 6-period and 12-period RSI have both fallen back below the 50 strength/weakness dividing line, causing short-term bullish market sentiment to cool rapidly. The 24-period long-term RSI remains above 50, so the large-scale bullish trend has not reversed. The current indicators are in a weak repair range, and no strong bullish reversal signal has appeared yet.
After this round of rebound set a high at 1958.75, the chart no longer shows continuous large green candles lifting prices. Instead, there are oscillating K-lines with alternating short and long candles: the frequency of candles that spike then pull back, and that close red under pressure, has increased noticeably, and the bulls’ willingness to actively attack has dropped significantly. The current market is a high-level consolidation and digestion move after an upswing; it has not yet formed a clear reversal pattern, but the short-term upside room has already been clearly suppressed. OneFan’s personal suggestion: around 1946–1988 (箜), with targets near 1910–1850#BTC #ETH #BTC走势分析