7.2 BTC, Ethereum Morning Analysis

The market has been volatile recently, with prices repeatedly testing above 60500 but failing to hold effectively, showing a clear accumulation of selling pressure above. The larger-cycle downtrend structure has not changed. Without support from increased volume, the upward moves are only short-term rebounds, and after facing resistance, it remains an opportunity to position for shorting.

The operational approach remains primarily shorting. Wait for the price to rebound to the key resistance zone and show signs of stagnation before entering positions accordingly. Simultaneously, monitor the strength of support below. Only after the support is effectively broken can we expect the band to continue downward.
BTC: Short from the 60700‑61200 resistance range, targets 59000, 58500
ETH: Short near 1640 resistance, target around 1500 #BTC