7.4 Afternoon Outlook on BTC



After BTC surged to 62957, it lacked follow-through and upward momentum, with the bulls unable to sustain momentum; there is a high probability of short-term pressure followed by a pullback.
The resistance at 63400 is very strong—multiple attempts to break through have failed, and the chart has started to range sideways and stagnate; if 61000 is broken, it will trigger a deep correction.
The market does not have one-sided long capital support; long and short liquidation volumes are balanced, and the upward momentum has already been exhausted.

Trading Recommendations

BTC: Sell/Go south at 63000-62600, targets 61500-60500

ETH: Sell/Go south at 1750-1770, targets 1700-1650

(Individual views are for reference only) #BTC
BTC0.74%
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