7.16 Tuesday, Bitcoin evening market insights

After a round of decline, the market rose again. In the afternoon, affected by the selling pressure from Mentougou and Germany, the market fell back significantly, but after a round of decline, the market finally rebounded. After a round of decline, we decisively gave 62500-62300 to continue to go long, and did not follow the trend like all the leeks. The market also cooperated well and bottomed out and rebounded after falling to 62373. After reaching the 64200 area, it was under pressure and stepped back. It is currently around 63700, giving an overall rebound space of 1800 points again. If the decline cannot continue, then continue to maintain a low-multiple mindset in terms of operation.

Under the recent strong rhythm, there is a certain retracement, but the retracement has not been effectively continued, and finally it has risen. It has been said very clearly before that the main trend is still in the bulls. The short-term retracement is only affected by the news. In the end, the market will return to the normal technical structure. The daily line has risen continuously to give the negative line a retracement correction, but the decline has not changed the current trend structure compared with the current rise. The upward trend is still obvious. The hourly line has bottomed out and rebounded. The short-term is suppressed by the middle track, but the market still has upward momentum, so the operation continues to maintain a low-multiple thinking.

On Tuesday night, it is recommended to directly buy more near 63,500 for big cake, and the target is 64,500-65,000.

On Tuesday night, it is recommended to buy more near 3,380 for ether, and the target is 3,500-3,550.

When you decide to do something, don't hesitate, don't be afraid, go all out to do it, and the result will not be too bad. Because in this world, the most terrible thing is not failure, but never starting.

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