7.4 Saturday Midday Market Analysis


BTC continued to rise in the early morning, hitting the key resistance level around 62,900 and then pulled back under pressure, transitioning into a range-bound market. The price retraced to test the support level of 62,400 at the lowest. ETH moved in sync with the market, currently fluctuating around the 1,750 level. On Saturday, overall market volatility is limited, and it is likely to continue oscillating within a box range. The 4-hour K-line shows a double-top pattern, with upward momentum gradually shrinking, indicating insufficient follow-through strength for the bulls.
BTC operation suggestion: Short near 62,800, take profit at 62,300-61,500, stop loss at 63,500.
ETH operation suggestion: Short near 1,765, take profit at 1,745-1,720, stop loss at 1,800.
BTC2.23%
ETH1.52%
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