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7.2 Early Morning Ideas
Observing from the 1-hour technical chart, short-term bulls launched a strong counterattack rally. After the price surged, it closed with a long upper shadow candlestick, indicating that resistance selling pressure above is gradually becoming prominent. The market is likely to start a pullback adjustment in the short term.
From a larger timeframe perspective, there has been no reversal yet. It is still in a downward channel, and the subsequent approach remains mainly shorting at highs!
We still say: do not chase longs at highs. In the evening, we offered a long entry around 58300!
Suggestions
BTC rebound, short at 60500 and 61500 resistance, target 59000, 58000, if breaks, target 56000
ETH suggestion: short at 1640 and 1680 resistance, target 1570, 1510, if breaks, target 1450
$BTC $ETH #Gate股票转仓功能上线