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7.1 Market Trend Silk Road Analysis
ETH Reference Short Position Layout
Entry Range: 1575—1585
Stop Loss: 1597
First Target: 1530, Second Target: 1500
Currently at 1576.68, the Bollinger middle line is at 1577.05, running just below the middle line. The market probed the low at 1552.03, then quickly rallied to a high of 1585.95, before pulling back to the middle line position. The Bollinger Bands are contracting, and the short-term is entering a consolidation phase.
After a deep decline, a V-shaped rebound occurred, rising to a high and then facing resistance, resulting in a pullback. This is a corrective move after a sharp drop. Selling pressure above is gradually appearing, making it difficult for bulls to sustain an upward attack. #Cryptocurrency#Sharplink增持1万枚ETH #道琼斯指数创历史新高 #特朗普披露持有超1亿美元BTCETH $BTC $ETH