7.4 Saturday Midday Market Analysis



Bitcoin continued to rise in the early morning, hitting a key resistance level around 62900 before retreating and entering a consolidation phase, with the price pulling back to test the support level at 62400 at its lowest. Ethereum moved in sync with the market, currently fluctuating around the 1750 level. Overall market movements on Saturday are limited, likely to remain range-bound within the box pattern. The four-hour candle shows a double-top pattern, with upward momentum gradually shrinking and bulls lacking follow-through strength.

BTC Trading Suggestion: Short near 62800, take profit at 62300-61500, stop loss at 63500
ETH Trading Suggestion: Short near 1765, take profit at 1745-1720, stop loss at 1800
BTC-0.66%
ETH-0.27%
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