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7.4 Saturday Midday Market Analysis
Bitcoin continued to rise in the early hours, hitting the key resistance level of 62900 before retreating under pressure and entering a consolidation phase, with the price retesting the support level of 62400 at the lowest point. Ethereum moved in sync with the market, currently fluctuating around the 1750 level. Overall market movement on Saturday is limited and will likely continue to oscillate within a range box. The 4-hour K-line shows a double-top pattern, with upward momentum gradually shrinking and the bulls lacking sustained follow-through.
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