Ai Yu 7.21 Big Cake Silk Road:

Yesterday, the market surged upward with great effort, briefly reaching around 118900, which looked quite impressive. But to be honest, this momentum is unlikely to last long.

The overall direction still leans downward in the short term. Moreover, the MACD bars are continuously getting thinner, indicating that the market's strength is rapidly diminishing. Looking at the 1-hour trend, it's clearly in a downtrend, and the momentum from the upward push has obviously faded!

However, around the 117600-118200 range, the target is to look down towards 116200; if it breaks through, we will continue to look downward.

#ETH