7.31 Afternoon Big Coin Auntie Market Analysis
As time enters the weekend, the market continues the trend from Saturday. The current price of Big Coin is around 112,000, while Auntie is fluctuating around 3,400, following the trend of Big Coin. Some are looking for ways to seize the market to make up for previous losses, while others are taking the opportunity to turn things around. However, some friends remain in a state of panic, slowly being exhausted by the market forces.
The daily chart of Big Coin is in a three consecutive bearish trend, with the K-line consistently outside the Bollinger Bands, indicating an oversold state. The size of the bearish candlestick is shrinking, and the decline is slowing down. On the four-hour structure, the market is in a stair-step downtrend, with the Bollinger Bands opening downward. The DIF and DEA are separating below the zero axis, and the downward momentum is strong, indicating a weak market environment. Overall, the outlook for Big Coin continues to trend downward.
You can short Big Coin at: around 113,000-113,200, with a target of around 112,000-111,500.
You can short Auntie at: around 3,420-3,425, with a target of around 3,380-3,360.
