July 22nd Yi Xing Morning Review and Trading Suggestions

The night market performed as expected, showing an overall trend structure of first suppressing and then stabilizing. The big coin was pressured down from a high point near 119200, hitting a low of 116600 before stopping the decline, then entering a narrow fluctuation phase between 116600 and 117600.

From the hourly level BOLL channel perspective, both the middle and lower bands are sloping downwards, indicating an overall bearish channel. The price quickly rebounded after breaking below the lower band, currently operating between the middle and lower bands, indicating that the bulls have some counterattack momentum in this range, pushing the market upward.

Regarding the MACD indicator, the dual lines are still operating below the zero axis and maintaining a parallel downward rhythm, with the bearish energy bars continuously increasing, indicating that short-term bears still dominate, and the current downward trend has not been broken.

Trading suggestions are as follows:

The big coin can consider placing short positions around 117500 to 118500.

The lower target reference is around 116000 to 115000.

Ether can consider lightly shorting around 3780 to 3800.

Targeting around 3700 to 3660.

If the market has a significant breakout or trend reversal, strategies need to be adjusted in a timely manner, and risk control should be emphasized.