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7.5 Bitcoin & Ethereum Morning Strategy Analysis
In the early morning, the market surged and then pulled back. After a sharp sell-off that probed the bottom, it rebounded quickly to recover. The current price has stabilized; the long lower wick confirms strong support below. Market sentiment is warming up, and it is in the build-up phase for a bullish counterattack.
Bearish momentum has been released, and the trend has not turned worse. It’s not advisable to chase after highs at this time. Instead, follow the rebound trend, wait for a pullback to confirm that support is effective before entering, and seize the opportunity for an upward range-bound move.
Trading Suggestions:
Go long directly when Bitcoin pulls back to around 62500-62800, with a stop loss near 62000, and targets sequentially at 63500-63800.
Go long directly when Ethereum pulls back to around 1770-1750, with a stop loss near 1720, and targets sequentially at 1795-1820$BTC $ETH #非农爆冷打压加息预期 #ETH突破1700