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
BTC0.38%
ETH0.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
Don'tGoAll-In.
· 16h ago
Since he is a genius trader, what are you stopping loss at 1800?
View OriginalReply0
Fuxing988
· 23h ago
Trading with you has made me lose so badly—back when it was falling every day, you kept shouting that it would go “long”; now it’s rising every day, and you’re still shouting that it will go “short.”
View OriginalReply1
  • Pinned