【Price Trend Analysis】
K-line Pattern:
Recently, the price fluctuated between 57,000 and 58,000, with large fluctuations. On July 11 and 12, there were obvious long upper and lower shadows, indicating that the market was in fierce competition between long and short positions.
Technical indicators:
MACD: The current MACD is in the negative area, and both DIF and DEA diverge downward, indicating that there is a certain downward pressure in the short term.
RSI: RSI is currently around 40, close to the oversold area, but has not fully entered. It is necessary to pay attention to whether it will fall further or rebound.
EMA: EMA7, EMA30 and EMA120 are all showing a downward trend, and the price is below all EMAs, indicating that the overall trend is bearish.
Short-term advice: mainly low-long
Long around 56500, first target 57400, second target 58500 Stop loss 700 points
BTC
