Market analysis on the evening of July 16
In the afternoon, both BTC and ETH fell back to the four-hour lifeline and rebounded here, but no bullish signal has been formed at present, which is a pity.
In order to form a bullish signal on the hourly chart cycle, it is necessary to stand on the following two positions.
BTC:63861
ETH:3434
Next, make two preparations
1. The hourly chart bullish signal has not been formed, and it may continue to pull back to the new low during the day. As long as the four-hour closing price is lower than the bullish lifeline, the four-hour bearish signal is established.
2: A bullish signal is formed later in the hourly chart. In this case, you can ambush long orders according to the hourly chart cycle. At this time, the four-hour bearish signal is likely to disappear.
Don't predict the trend, just follow the trend. Make any order based on the trend signal formed by the market.
