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6.9 Tuesday Midday Market Analysis
The morning market is about to end, and overall the trading session hasn't provided many opportunities. After retreating from the high of 63,800 to around 62,300, it entered a sideways consolidation. The price also touched the lower boundary of the hourly chart, and the rebound momentum was insufficient. The high-level resistance caused a clear slowdown in gains, and the market weakened along with Bitcoin, mainly following the trend to short on the highs without chasing longs.
ETH current price is 1667, with a intraday decline of -0.65%. The overhead is densely packed with trapped orders, limiting the rebound space.
BTC trading suggestion: Short around 63,000, take profit at 62,200-61,200, stop loss at 64,000.
ETH trading suggestion: Short around 1,680. Take profit at 1,650-1,600, stop loss at 1,720.