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Market Analysis for 7.22:
The direction given in the early morning has all been accurately reached, and isn't it time to feast again? Currently, the energy of Bitcoin is still relatively weak, and it is testing the lower edge of the triangular convergence area, which is in line with expectations. The daily chart will show four consecutive bearish candles, indicating a weak pullback trend and accumulating downward pressure. On the four-hour chart, the candles alternate between bullish and bearish, with bearish candles dominating and selling pressure being strong. On the hourly chart, there are currently four consecutive bullish candles rebounding, but the momentum is weak, and there is a lack of energy, which is seen as a technical adjustment. It is recommended to remain cautious and seize downward opportunities.
Operation Suggestions:
The Bitcoin price is fluctuating between 118400-119000, with a target looking down towards the vicinity of 116200-116800.
Near 3800-3830, looking down towards around 3680-3710 #以太坊突破3800# #Gate 6月透明度报告# #山寨币爆发#