7.1 Big Pie (BTC) Morning Commentary: Brief Rebound for a Correction, Bearish Main Trend Unchanged


The market is perfectly aligned with earlier forecasts. The modest rebound is only a correction during the ongoing decline, and the overall downward pressure pattern remains unchanged.
Technical analysis: BTC’s 15-minute moving averages continue to suppress price action. Overhead resistance is 59000-59300, and support at the lower end is 57750. ETH: the 1-hour MA30 at 1583 forms strong resistance; the low-end support is 1549. The MACD is at a low level with a slight golden cross, providing only a short-term rebound signal.
Keke’s recommendation: For BTC, enter shorts in batches at 58900-59200. Targets: 58200, 57200.
For ETH, short in batches around 1578-1598. Targets: 1555, 1505.
ETH0.75%
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