The current market shows that the daily price has fallen from a high position, continuously closing in the red, indicating a clear short-term adjustment trend.
The hourly MACD histogram remains negative, with DIF and DEA diverging downwards, indicating dominant bearish strength; the daily MACD also shows signs of fatigue, with the fast and slow lines indicating a potential death cross.
The Bollinger Bands have diverged deeply downward, with the upper, middle, and lower bands all significantly sloping downward, and the spacing is widening, indicating a strong bearish trend, continuously pulling the market down. This structure reflects a bearish dominance, with strong selling pressure and ample downward trend momentum. Operation Suggestion: The Bitcoin price is around 118200-118700, with a target looking down to the 115600-116100 range. Auntie 3140-3170 range, target looking down near 3030-3060 #Gate 2025 Q2报告出炉 #Gate衍生品交易量新高 #CPI数据来袭
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7.16 Market Analysis
The current market shows that the daily price has fallen from a high position, continuously closing in the red, indicating a clear short-term adjustment trend.
The hourly MACD histogram remains negative, with DIF and DEA diverging downwards, indicating dominant bearish strength; the daily MACD also shows signs of fatigue, with the fast and slow lines indicating a potential death cross.
The Bollinger Bands have diverged deeply downward, with the upper, middle, and lower bands all significantly sloping downward, and the spacing is widening, indicating a strong bearish trend, continuously pulling the market down. This structure reflects a bearish dominance, with strong selling pressure and ample downward trend momentum.
Operation Suggestion:
The Bitcoin price is around 118200-118700, with a target looking down to the 115600-116100 range.
Auntie 3140-3170 range, target looking down near 3030-3060 #Gate 2025 Q2报告出炉 #Gate衍生品交易量新高 #CPI数据来袭