PalBTC Market Daily - July 16th Figure 1: Daily chart 1) Last night, PPI was positive and pushed the price up, but it did not plunder 656, but instead hit EQH (equal high point). So this is about accumulating liquidity and waiting for plundering, or in other words, D bearish ob waiting for testing. 2) From the perspective of K, it closed negative after yesterday's plunder, and closed below 647. Therefore, in terms of trend, we are definitely bearish at present. Currently, we are focusing on the acquisition of IDM and the testing of 613 SSL. But it should be noted that if 63 supports it, it may continue to plunder upwards and downwards again. So if you are short in the medium to long term, pay attention to setting a stop loss of 675 3) The target below focuses on plundering IDM and 613 SSL, and tests the reaction near 6W. Figure 2: Hour chart 1) Structurally speaking, MSB is currently experiencing a fluctuating downward trend. Test H1 bearish ob rejection, can go short, target 625 ob first, then target 613 plundering. 2) But it should be noted that if the bearish trend breaks through 65, it may lead to another plunder of 656 eqh. Pay attention to taking profits in short-term orders, and continue to increase in the medium and long term.