$BTC 7.16 Thursday evening: the latest Bitcoin and Ethereum market outlook and analysis
In life, grabbing one or two opportunities is enough. Strip away the trivial attachments from outside yourself, and reduce the unnecessary “junk” in your positions. Everything returns to the essentials. Once you have the mindset to look across cycles, those past moments of confusion and unwillingness will turn into wisdom.
From the current chart, the price of BTC shows a clear bearish arrangement. After falling from the highs, the rebound strength has continued to weaken. The moving-average system has formed a suppressing force, and the short-term trend is relatively weak. The MACD is below the zero line; although the green histogram has been contracting, it has not yet turned red. This indicates that bearish momentum has released somewhat, but control is still in the hands of the bears. The current market is in a downward-tilting consolidation channel. Overhead resistance is dense, and any rebound without volume may be a trap to lure longs. Key resistance levels can be referenced from the lower boundary of the previous trading range and the short-term moving-average rejection zone. If the price cannot break through effectively and hold, the bearish trend is likely to continue. In terms of strategy, consider testing shorts with small position sizing, use a strict stop-loss, and wait for a clearer breakdown signal before adding to the position. Lao Hu still provides a high-short outlook.
7.16 Evening trading plan
BTC: short around 64300, target 63200
ETH: short around 1900, target 1860 #BTC走势分析
In life, grabbing one or two opportunities is enough. Strip away the trivial attachments from outside yourself, and reduce the unnecessary “junk” in your positions. Everything returns to the essentials. Once you have the mindset to look across cycles, those past moments of confusion and unwillingness will turn into wisdom.
From the current chart, the price of BTC shows a clear bearish arrangement. After falling from the highs, the rebound strength has continued to weaken. The moving-average system has formed a suppressing force, and the short-term trend is relatively weak. The MACD is below the zero line; although the green histogram has been contracting, it has not yet turned red. This indicates that bearish momentum has released somewhat, but control is still in the hands of the bears. The current market is in a downward-tilting consolidation channel. Overhead resistance is dense, and any rebound without volume may be a trap to lure longs. Key resistance levels can be referenced from the lower boundary of the previous trading range and the short-term moving-average rejection zone. If the price cannot break through effectively and hold, the bearish trend is likely to continue. In terms of strategy, consider testing shorts with small position sizing, use a strict stop-loss, and wait for a clearer breakdown signal before adding to the position. Lao Hu still provides a high-short outlook.
7.16 Evening trading plan
BTC: short around 64300, target 63200
ETH: short around 1900, target 1860 #BTC走势分析