7.2 Morning Views on BTC and ETH



In the early morning, after a high probe to 61322, it quickly pulled back, forming a long upper shadow. The price has now fallen back to around 59900, with significant selling pressure above. After the bulls pushed higher, subsequent follow-through was insufficient, and the intraday battle between bulls and bears intensified. It is difficult for the short-term to sustain an upward trend, and the market has returned to range-bound trading. Sentiment in the capital markets has increased wait-and-see, making it hard for a clear unilateral trend in the short term.

Trading Suggestions

BTC: Short at 60600-61500, target 59500, if break see 58500

ETH: Short at 1630-1650, target 1600, if break see 1550

(Personal opinion for reference only, all based on actual market conditions)

#btc
BTC3.25%
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