July 21 BTC Morning Analysis

After two days of sideways movement over the weekend, the market is still in a short-term downtrend. Meanwhile, the MACD histogram is continuously contracting, indicating that the bullish momentum is rapidly weakening; the 1-hour trend shows a downward trend, and the bullish momentum is clearly declining!

Big Brother suggests: The Bitcoin rebound to around 117600-118200 near the address #币圈 $BTC