Evening Silk Recording on July 16:

In the afternoon, the big pancake market performed exceptionally well, continuing its strong upward trend and successfully breaking through the important resistance level of 119,000. The bullish structure in the short term has become increasingly clear, with the bulls dominating the market.

From a technical indicator perspective, the MACD indicator shows a good upward trend, with synchronized volume increase, and both lines running parallel upwards without signs of fatigue or divergence. This series of performances indicates that the upward momentum of the big pancake remains very healthy, with sufficient strength from the bulls in the short term, still possessing the potential for further highs.

Based on the current market trends and technical indicator analysis, in terms of operational strategy for the big pancake, one can position bullish trades around 108,000. This level has certain support significance; if it stabilizes here, the subsequent upward space is quite promising. The target is set at 119,600!$BTC $ETH #CPI数据来袭 #山寨季何时到来？ #美国加密周