7.17 Wednesday, Bitcoin evening market insights

Investment is a contest of wisdom, insight into the market, and grasp of trends. Keep learning, keep improving, and keep your thinking up to date with the times, and you will be invincible in the battlefield of investment.

The market is changing rapidly. After a round of rise to 66100 in the morning, it was under pressure and stepped back. After falling to 64500 in the evening, it stopped and is currently running near 64700. It is rare to give a low idea. After a round of rebound, it took 700 points of space and turned to short directly. The market is also quite cooperative. In the evening, there was a round of decline. The bearish idea took up 1600 space again. The idea is completely accurate. Every turning point is predicted in advance, and the idea is also publicly prompted in advance.

As for the current trend, the short-term bullish upward movement is blocked, and the market has stepped back, but the stepping back has not continued too much. It can be confirmed that the upward rhythm has ended, and stagflation has appeared at high levels. Then we need to pay attention to the market's decline. The 4-hour chart also gave a continuous negative stepping back, and the market showed a turning signal. In the future, we will continue to pay attention to the market's decline, and keep the high-altitude thinking unchanged in operation.

On Wednesday night, it is recommended to short the big cake near 65300-65500, and the target is 64000-63500

On Wednesday night, it is recommended to short Ethereum near 3480-3500, and the target is 3400-3350

Trading is like a war without gunpowder smoke. Strategy is your weapon and mentality is your armor. Only by arming yourself well can you stand firm in the torrent of the market

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