Brief analysis of market trends on July 5
The 4-hour chart of Bitcoin shows that the market has recently experienced a strong adjustment, with a large negative line swallowing up the positive lines of the previous two days, forming a "yin-yang" pattern, indicating a significant decline in short-term bullish momentum. Currently, the intraday trend line is expanding downward, showing that the short forces are gradually gaining the upper hand, while the bulls appear weak, and the overall trend maintains a downward trend. While bears showed signs of light volume, bulls were hit hard and other technical indicators also favored the bearish market. Under this weak pattern, investors are advised to remain cautious and pay attention to short-selling opportunities after the rebound.
Operation suggestions:
Big pie: near 57,700, the target is 55,000
Auntie, it’s better to just synchronize it directly.
Things are changing rapidly. The above suggestions are for reference only. The specific operation is based on actual operation.
