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7.2 Morning Thoughts
On the 4-hour chart, a short-term rally emerged in the early hours, with prices spiking to test 61300 before quickly retreating, indicating strong selling pressure above this level. The market then fell back to the 59600 range and is now consolidating in a narrow range.
A rebound is not a reversal; the downward structure remains unbroken. Shorting is still the main theme!
Suggestions
BTC: Short on rebound at 60800, 61500 resistance, target 59000, 58000, and if broken, 56000.
ETH: Short on rebound at 1630, 1670 resistance, target 1560, 1510, and if broken, 1450.
$BTC $ETH #Gate股票转仓功能上线