Market analysis on July 12
At 11 o'clock last night, BTC took the lead in forming a short trend signal on the 1-hour chart, and ETH followed suit and also formed a short signal on the 1-hour chart.
At present, BTC and ETH have not formed a new short signal on the weekly chart, and the daily chart still maintains the original short signal.
What needs to be noted today is: observe whether this short signal of 1 hour will spread to the four-hour cycle. If it spreads, there will be a four-hour cycle callback trend.
The current price is close to the four-hour long lifeline, and it is also the stop-profit position of the hourly chart short-term.
BTC: 56860
Auntie: 3052
After falling below here, a four-hour callback signal will be formed.
