Technical analysis on Tuesday night, July 16:
According to the 1-hour candlestick chart of BTC, the price has moved from the upper Bollinger Band to below the middle Bollinger Band, showing a continued downward trend.
The MACD indicator shows that the two lines are trending downward, but the resistance below is gradually increasing, indicating that the bottom may be reached and the upward rebound may begin.
The momentum indicator shows that the momentum is gradually weakening, and it may begin to stabilize or turn into an upward trend. The KDJ indicator shows that the three lines encountered some resistance when they went up and began to tend to be parallel.
The overall market tends to fluctuate downward in the evening, but there may be a downward retracement in the short term. In general, after the retracement, it will look for support points to rise again.
BTC is currently fluctuating in the range of 63,500-63,400 US dollars, and the expected target is around 65,000 US dollars.
If you can't find the direction in the currency circle and don't know what currency to buy, find me in the brief introduction of Zhuye, and share more information and strategies related to the currency circle for free.
